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DTN Closing Livestock Comment 03/16 15:44
Traders Help Drive Livestock Contracts Higher
The livestock complex closed higher Monday afternoon as there was more than
enough technical support evident throughout the day to allow the contracts to
close higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
All in all, it was an exceptional day for the livestock complex as the
contracts closed higher thanks to ample trader support. New showlists appear to
be mixed, lower in Texas and Nebraska/Colorado, but higher in Kansas. May corn
is down 13 1/4 cents per bushel and May soybean meal is down $10.50. The Dow
Jones Industrial Average is up 387.94 points and the NASDAQ is up 268.82 points.
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