DTN Closing Livestock Comment 12/13 16:05
Traders Leave Livestock Complex Mixed Friday Afternoon
Heading into next week's market all eyes will again be on the fed cash
cattle market as prices are historically high. With feedlot manger's holding
the market's leverage it's hard to tell just how high prices could go.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
By Friday's end, the livestock complex closed mixed as traders felt it
safest to let next week's market hash out more of the market's direction. And
no new sales were reported in the cash cattle market. March corn is down 1 1/2
cents per bushel and January soybean meal is down $3.30. The Dow Jones
Industrial Average is down 86.06 points.
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