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DTN Closing Livestock Comment 03/10 15:59
Traders Remain Supportive of the Livestock Contracts through Tuesday's End
The livestock complex closed higher Tuesday afternoon, following Monday's
sharp decline, thanks to the added interest of traders.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex was able to close higher Tuesday afternoon as traders
rushed to the contracts' aid following Monday's weaker close. It's anyone's
guess how traders will handle the complex on Wednesday as the lean hog complex
is up against resistance, and the cattle complex still has the strike looming.
May corn is down 1 1/2 cents per bushel and May soybean meal is up $1.00. The
Dow Jones Industrial Average is down 34.29 points and the NASDAQ is up 1.15
points.
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