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DTN Closing Livestock Comment 02/13 16:00
Cash Cattle Trade $4.00 Higher
Although the cash cattle market waited to trade until the week's bitter end,
at least prices were higher once again.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the livestock complex as the futures market closed
mostly lower, but the cash cattle complex saw some positive momentum ahead of
the week's end. Northern dressed cattle traded at mostly $382, which is $4.00
higher than last week's weighted average and Southern live cattle traded at
$248, which is also $4.00 higher than last week's weighted average. March corn
is up 1/2 cent per bushel and March soybean meal is up $1.30. The Dow Jones
Industrial Average is up 48.95 points and the NASDAQ is down 50.48 points.
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