DTN Closing Livestock Comment 03/04 15:26
Traders Pushed the Livestock Contracts Higher Through Wednesday's Close
Traders pushed the livestock contracts higher through Wednesday's end as
they turned their focus to the market's strong fundamentals.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rallied through Wednesday's close as traders opted to
refocus their attention on the market's fundamentals, rather than worrying
about the lingering pressures. Bids were offered throughout the day in the
North, but no cattle traded. May corn is down 2 3/4 cents per bushel and May
soybean meal is down $4.80. The Dow Jones Industrial Average is up 238.14
points and the NASDAQ is up 290.79 points.
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