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DTN Closing Livestock Comment 04/24 17:42
Feedlot Managers Patiently Wait the Week Out
No bids developed throughout the day in the cash cattle market as packers
stew on what to offer feedlot managers.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Although the cattle contracts were pressured throughout the earlier part of
the day, trades ultimately landed at the same conclusion collectively that the
market's direction was higher. Still no cash cattle trade has developed. May
corn is down 2 cents per bushel and May soybean meal is down $1.10. The Dow
Jones Industrial Average is up 486 points.
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