DTN Closing Livestock Comment 10/30 15:48
Traders Halfheartedly Support Cattle Contracts Through Thursday's Close
Some light cash cattle trade developed in both regions, but more business
will still need to take place on Friday if packers don't want to be short
bought.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a lackadaisical day for the livestock complex as the cattle contracts
closed slightly higher while the hog contracts again drifted lower. Some more
light cash cattle trade developed, but more business will need to develop on
Friday. December corn is down 3 3/4 cents per bushel and December soybean meal
is up $6.90. The Dow Jones Industrial Average is down 109.88 points and the
NASDAQ is down 377.33 points.
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