Printable Page Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
 
 
DTN Closing Livestock Comment 02/07 15:13
   Traders Find Some Technical Footing in Friday's Market

   Although traders pushed the cattle contracts lower throughout the majority
of the week, thankfully Friday's market lent some support.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   It was a long troublesome week for the cattle complex, but thankfully by
Friday's end, most of the livestock contracts were able to close higher.
Heading into next week's trade, it will be vital to check on Monday morning to
see exactly how many cattle were bought in the cash cattle market this past
week as that will likely indicate how aggressive packers will be next week in
the cash market. March corn is down 7 3/4 cents per bushel and March soybean
meal is down $5.00. The Dow Jones Industrial Average is down 444.23 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.
Powered By DTN