DTN Closing Livestock Comment 03/09 15:56
Livestock Complex Endures Rough Start to the Week
The livestock complex endured a challenging day as there was a tremendous
amount of pressure driving the contracts lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed lower Monday afternoon as traders simply didn't
see enough support in the day to move the contracts any other direction. New
showlists appear to be mixed, higher in Texas, but lower in Kansas and
Nebraska/Colorado. May corn is down 6 3/4 cents per bushel and May soybean meal
is down $3.70. The Dow Jones Industrial Average is up 239.25 points and the
NASDAQ is up 308.27 points.
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