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DTN Closing Livestock Comment 10/28 15:31
Cattle Question if Enough Support is Going to Develop this Week
Throughout the day, some light dressed cattle trade was noted at $350 to
$352.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex again ended the day mixed with the cattle contracts
questioning if enough support is going to develop throughout the week to
justify pushing the contracts higher, but the lean hog contracts closed a tick
stronger. Some light cash cattle trade developed in Nebraska at $350 to $352.
December corn is up 3 cents per bushel and December soybean meal is up $1.10.
The Dow Jones Industrial Average is up 97.53 points and the NASDAQ is up 72.04
points.
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