DTN Closing Livestock Comment 05/08 15:39
Boxed Beef Prices Dip Lower by Wednesday's End
Heading into Thursday's market, all eyes will be on the morning's export
report, any developments in the cash cattle market and boxed beef prices.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The lean hog complex rounded out the day higher as pork cutout values found
support in the afternoon, but unfortunately, the same support didn't seep over
into the cattle complex. Boxed beef prices closed lower and no cash cattle
trade developed, so traders had little support to keep the market trading
steady or somewhat higher.
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