DTN Closing Livestock Comment 12/16 15:44
16 Dec 2024
DTN Closing Livestock Comment 12/16 15:44 Traders let the Livestock Complex Drift Lower Through Monday's End Following last week's advancements in the futures complex, traders are skeptical of overly supporting the markets early this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex struggled technically throughout the day as traders paid little attention to the market as they're seeming uncomfortable with the idea of advancing the contracts at this point. Heading into this week, new showlists appear to be lower in all three major feeding states. March corn is up 3 cents per bushel and January soybean meal is up $0.70. The Dow Jones Industrial Average is down 110.58 points.