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DTN Closing Livestock Comment 06/08 16:32
Weaker Tones Follow Livestock Complex through Monday's Close
Without greater fundamental support having developed throughout the day,
traders kept the livestock contracts trading lower through Monday's end.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
With plenty of reason to be cautious in the marketplace, traders felt as
though their safest decision was to trade the contracts lower through Monday's
end. New showlists appear to be mixed to higher in Kansas, somewhat lower in
Texas, and lower in Nebraska/Colorado. July corn is up 1 1/4 cents per bushel
and July soybean meal is down $5.80. The Dow Jones Industrial Average is down
80.77 points and the NASDAQ is up 220.23 points.
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