DTN Closing Livestock Comment 06/16 15:53
Strong Consumer Demand Pushes Livestock Contracts Higher
With consumers showing up at the meat consumer religiously, the livestock
complex had no issue closing higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had another terrific day as consumer support helped
both the cattle contracts and the lean hog contracts close higher thanks to
continued consumer demand. New showlists appear to be higher in all major
feeding states. July corn is down 9 3/4 cents per bushel and July soybean meal
is down $8.20. The Dow Jones Industrial Average is up 317.30 points and the
NASDAQ is up 294.38 points.
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