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DTN Closing Livestock Comment 06/04 15:40
Cattle Contracts Soar Higher After New World Screwworm Found in Texas
Following the announcement that there has been a positive case of New World
screwworm found in Texas, the cattle contracts shot higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed as the cattle contracts charged
higher following the New World screwworm announcement, but the lean hog
contracts fell lower. Some light cash cattle trade developed in the South at
mostly $256. July corn is down 7 cents per bushel and July soybean meal is down
$7.10. The Dow Jones Industrial Average is up 874.86 points and the NASDAQ is
down 23.02 points.
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