DTN Closing Livestock Comment 12/12 15:30
DJ JBS to Close California Plant as Meat Processors Feel Pressure -- WSJ
The market's 100-day moving average is too much of a resistance threshold
for traders to tackle right now in the cattle complex.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the day mixed as the cattle contracts
dipped lower, but the lean hog contracts continued to rally through the week's
end. No new cash cattle trade was noted. March corn is down 5 3/4 cents per
bushel and January soybean meal is up $0.40. The Dow Jones Industrial Average
is down 245.96 points and NASDAQ is down 398.69 points.
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