DTN Closing Livestock Comment 05/06 15:35
Feedlot Managers Let Some Cattle Trade in the South
A light volume of cattle was sold in the South throughout Tuesday at $218 to
$220, but still no trade has developed in the North.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed Tuesday for the livestock complex as the cattle contracts
rallied throughout the day but the lean hog complex struggled technically. Some
light cash cattle trade was reported in the South but the North didn't see any
sales develop. May corn is up 1 cent per bushel and May soybean meal is down
$2.60. The Dow Jones Industrial Average is down 389.83 points and NASDAQ is
down 154.58 points.
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