Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 12/05 16:07
   Cattle Futures Shift Higher Tuesday

   Early buyer support in all cattle futures gained momentum as the day
continued. Although live cattle gains were unable to keep pace with feeder
cattle gains, the upward moves Tuesday are helping create a little more
stability following recent aggressive selling.

Rick Kment
DTN Analyst


   After live cattle futures fell $3 per cwt over the last three trading
sessions, and feeder cattle tumbled $9 per cwt in the same period, buyer
support redeveloped Tuesday. For the second week in a row, Tuesday has been the
turnaround day in cattle futures. This is creating hope that additional price
gains may develop as the week continues, and potentially break out of the
weaker market cycle. It is going to take several days of consistent upward
support in order for traders to regain confidence that price support has been
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
All of our posted bids are subject to change. Call for up to the minute bids.
Powered By DTN