DTN Closing Livestock Comment 02/11 15:46
Pressure Resumes and Leaves Cattle Substantially Lower
Packer interest could improve on Wednesday as a few cattle traded in the
Southern plains throughout Tuesday's trade.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a tumultuous day for the cattle contracts as pressure sent both the
live cattle and feeder cattle contracts plummeting lower, but the lean hog
complex found support and was able to take out long-term resistance levels.
Packer interest should improve in the cash market on Wednesday.
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