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DTN Closing Livestock Comment 06/17 15:34
Traders Send the Livestock Contracts Rolling Lower
It was a gloomy day for the livestock complex, as all three markets closed
lower due to technical pressure.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Tuesday's market ended up being a swing and a miss for the livestock
complex, as all three markets rounded out the day lower. Traders are continuing
to stress over the idea that the markets are overbought and that it may be time
for a correction. July corn is down 3 1/4 cents per bushel and July soybean
meal is up $1.40. The Dow Jones Industrial Average is down 299.29 points and
the NASDAQ is down 180.12 points.
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