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DTN Closing Livestock Comment 02/26 15:47
Nervousness Steals the Cattle Complex's Momentum
With the outside pressure of a looming strike at JBS in Greeley, Colorado,
the cattle complex closed lower Thursday afternoon.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a disappointing day for the livestock complex, as both the futures
contracts and the fed cash cattle market traded lower. At this point, only a
handful of cattle have been traded in the North, but prices have been roughly
$5.00 lower. May corn is up 1 1/2 cents per bushel and May soybean meal is down
$0.90. The Dow Jones Industrial Average is up 17.05 points and the NASDAQ is
down 273.70 points.
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