DTN Closing Livestock Comment 10/23 15:23
Traders Remain Skeptical of Overly Supporting the Livestock Complex
Heading into Friday's market, it's likely that traders will possess the same
cautious nature that they did today and be on the lookout for the afternoon's
Cattle on Feed report, as it's unclear whether or not it will be released given
that most government agencies are still shut down.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly lower Thursday afternoon as there simply
wasn't enough support in the market to help the contracts do anything
different. Bids were offered throughout the day in the fed cash cattle market,
but no cattle have traded yet. December corn is up 5 cents per bushel and
December soybean meal is up $2.30. The Dow Jones Industrial Average is up
144.20 points and the NASDAQ is up 201.40 points.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
|