DTN Closing Livestock Comment 12/11 15:44
Northern Cattle Trade for $300 -- $3.00 Higher Than Last Week
It was an amazing day for the cattle complex as traders poured plenty of
support into the marketplace and Northern cash cattle traded $3.00 higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was an incredible day for both the live cattle and feeder cattle markets
as traders showed the contracts ample support, and helped drive the markets
substantially higher. Some Northern trade was noted in Nebraska at $300 which
is $3.00 higher than last week's weighted average. March corn is down 3/4 cent
per bushel and January soybean meal is down $0.90. The Dow Jones Industrial
Average is down 99.27 points.
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