DTN Closing Livestock Comment 02/13 15:56
Feedlot Managers Aren't Rushed to Market Their Showlists
Heading into Friday's market be prepared for packer interest to improve in
the fed cash cattle sector.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was relieving to see the live cattle and feeder cattle contracts close
higher following the immense pressure the contracts endured earlier in the
week. Bids were offered throughout the day in the cash market, but only a
handful of cattle traded. March corn is up 3 1/4 cents per bushel and March
soybean meal is down $1.40. The Dow Jones Industrial Average is up 342.87
points.
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