Printable Page Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
DTN Closing Livestock Comment 12/07 15:52
   Livestock Markets Post Additional Losses

   Despite the ability for cattle futures to trade higher through most of the
trading day, continued market weakness eroded any sense of support and pushed
prices lower in all but front-month Feeder cattle contracts. The bearish
overall moves across the cattle markets has continued to dash any sense of
long-lasting buyer support.

Rick Kment
DTN Analyst


   To describe the recent moves in the cattle market as frustrating and
discouraging is a gross understatement as even any sense of buyer support seems
to be short lived and has led to consecutive days of contract lows in most
contract months. Early gains in both live cattle and feeder cattle trade seemed
to help bring a sense of stability to the market, but buyer interest quickly
dried up in late day trade, leading to firm losses in most nearby contract
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN