DTN Closing Livestock Comment 07/08 15:52
8 Jul 2024
DTN Closing Livestock Comment 07/08 15:52 Livestock Traders Were Ultra Cautious in Monday's Market Traders were extremely cautious throughout Monday's market even though fundamental support was more than sufficient. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though pork cutout values and boxed beef prices closed higher, traders weren't willing to even consider trading the livestock contracts higher through Monday's market. There's a chance that Tuesday's complex stands a better fight at trading higher as traders will likely reassess the marketplace and give more credit to the market's strong fundamentals.