DTN Closing Livestock Comment 07/03 15:19
Cattle Finished the Week Higher Before the Long Weekend
Bids were offered throughout the day in both regions, but packers weren't
overly aggressive in this week's cash market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the week, mixed with the cattle complex
able to close slightly higher, but the hog complex was still concerned about
demand. No new cash cattle trade had developed at the time of this writing,
although bids were offered throughout the day. July corn is up 2 1/4 cents per
bushel and July soybean meal is up $1.40. The Dow Jones Industrial Average is
up 344.11 points and the NASDAQ is up 207.97 points.
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