DTN Closing Livestock Comment 10/09 15:36
Traders Ease Their Support of Livestock Contracts
Heading into Thursday's market be on the lookout for export data and any
developments in the cash cattle market.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a disappointing day for the livestock complex as traders weren't as
aggressive in their support of the market as all three of the markets closed
lower. Still no cash cattle trade has developed, and the week's trade could be
delayed again until Friday as feedlot managers aim to see prices advance again
this week. December corn is up 1/4 cent per bushel and December soybean meal is
down $1.80. The Dow Jones Industrial Average is up 431.63 points.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
|