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DTN Closing Livestock Comment 12/09 16:12
Traders Let Livestock Contracts Close Lower
Without enough fundamental support to entice traders to push the contracts
higher, a mostly lower end was seen throughout the livestock complex today.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly lower as traders simply didn't see
enough support in the market to challenge resistance thresholds. No cash cattle
trade developed throughout the day. March corn is up 4 1/4 cents per bushel and
January soybean meal is down $5.00. The Dow Jones Industrial Average is down
179.03 points and the NASDAQ is up 30.59 points.
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