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DTN Closing Livestock Comment 06/25 15:20
Feedlot Managers Aim to See the Cash Market Rally Again This Week
Still no cash cattle trade has developed, but bids were offered throughout
the day in Nebraska and Kansas.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed as the cattle contracts rallied
onward, although no cash cattle trade has developed yet; the lean hog contracts
closed mixed. Keep your eyes on the cash cattle market on Friday as packers
will need to get aggressive. July corn is up 7 3/4 cents per bushel and July
soybean meal is up $4.60. The Dow Jones Industrial Average is up 71.72 points
and the NASDAQ is down 118.04 points.
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