DTN Closing Livestock Comment 02/07 15:37
Sideways Tones Sum Up the Cattle Complex Tuesday
It was an uneventful day for the livestock complex as the cattle contracts
merely chopped sideways and as the lean hog complex rallied mildly.
DTN Livestock Analyst
Both the live cattle and feeder cattle markets closed lower after charging
higher throughout Monday's complex as traders seemed to have hit the pause
button for the cattle contracts on Tuesday. The lean hog complex grew stronger
as the day traded on, as the market hopes to find the promise of better demand
in Wednesday's WASDE report. March corn is down 5 cents per bushel and March
soybean meal is down $7.60. The Dow Jones Industrial Average is up 303.80
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