DTN Closing Livestock Comment 10/06 16:09
Cash Cattle Trade $1.00 Higher
The cash cattle market managed to trade cattle $1.00 higher in both regions
as front-end, market-ready supplies are running thinner and thinner.
DTN Livestock Analyst
It was a mixed day for the livestock complex as cattle faced pushback from
traders but did see cash cattle trade $1.00 higher, but the lean hog complex
rallied throughout the day as it celebrated a strong export report. Hog prices
closed lower on the Daily Direct Afternoon Hog Report, down $3.59 with a
weighted average of $89.40 on 8,321 head. December corn is down 8 1/2 cents per
bushel and December soybean meal is down $5.10. The Dow Jones Industrial
Average is down 346.93 points.
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