DTN Closing Livestock Comment 12/05 15:44
Southern Live Cattle Trade $7 Higher, Northern Dressed Cattle Trade $11 to
$16 Higher
Shortly after midday, some Southern live cattle began trading at $225, which
is $7.00 higher than last week's weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rallied throughout the day as all three of the
livestock markets closed higher Friday afternoon. And shortly after midday,
some Southern live cattle began trading at $225, $7.00 above last week's
weighted average. March corn is down 2 1/2 cents per bushel and January soybean
meal is down $3.80. The Dow Jones Industrial Average is up 104.05 points and
the NASDAQ is up 72.99 points.
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