DTN Closing Livestock Comment 05/06 15:59
Boxed Beef Prices Close Higher; Livestock Contracts Close Lower
The livestock complex rounded out the day Monday on a weaker note. However,
seeing boxed beef prices close higher left cattlemen with the hope beef demand
is improving.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed lower as traders weren't overly eager to
support the livestock sector. However, seeing the rally in the corn market,
traders withdrew from the sector. The most interesting development today was
the higher close in boxed beef prices.
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