Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 07/01 15:30
   USDA's Announcement About the Border Reopening Rattled the Cattle Complex

   The cattle complex was fixated on one thing only today -- the reopening of
the US-Mexican border and if that will soften feeder cattle prices.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a lackluster day for the livestock complex as most of the contracts
closed lower from a lack of fundamental support, and the cattle contracts
closed significantly lower thanks to the USDA's announcement that the border
will reopen to Mexican cattle imports. No cash cattle trade developed
throughout the day. July corn is down 1/2 cent per bushel and July soybean meal
is down $2.10. The Dow Jones Industrial Average is up 400.17 points and the
NASDAQ is down 166.84 points.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
Copyright DTN. All rights reserved. Disclaimer.
The First Trust and Savings Bank is not responsible for and has no control over the subject matter, content, information, or graphics of this website or the websites that have links here. Please contact us with any concerns or comments.
Powered By DTN