DTN Closing Livestock Comment 09/06 15:20
Economic Pressures Send Livestock Sector Lower
It was a tough day for the livestock complex as all three markets closed
lower amid economic pressures.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Friday felt like a kick in the teeth for the livestock complex as the market
was sent plunging lower thanks to the weakened economy. Heading into next
week, traders will look for fundamental support but will likely remain
skeptical as they monitor economic conditions. December corn is down 4 1/2
cents per bushel and December soybean meal is down $2.10. The Dow Jones
Industrial Average is down 320.17 points.
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