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DTN Closing Livestock Comment 09/30 16:06
Cattle Rally Thanks to Trader Support
Cattle bold rally through Wednesday's end hoping that fundamental support
will develop later in the week.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex ended the day mixed with the cattle contracts ending
the day higher while the lean hog contracts closed lower. Some light cash
cattle trade again developed in the North, but not enough cattle have traded to
say that any sort of a trend has been established yet for the week. December
corn is down 21 1/4 cents per bushel and December soybean meal is down $2.10.
The Dow Jones Industrial Average is down 443.87 points and the NASDAQ is up
63.52 points.
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