DTN Closing Livestock Comment 10/19 16:18
Cattle Contracts Wrestled With Monday
All three livestock markets closed lower Monday with both live cattle and
feeder cattle markets using the market's new limits.
DTN Livestock Analyst
Monday was a wild ride for the cattle complex as both live cattle and feeder
cattle markets used the market's new limits. Meanwhile, the lean hog market
closed lower, but in a much kinder fashion. Hog prices closed $1.33 lower on
the National Direct Afternoon Hog Report, with a weighted average of $60.57 on
3,985 head. December corn is up 3 1/4 cents per bushel and December soybean
meal is up $5.70. The Dow Jones Industrial Average is down 410.89 points and
NASDAQ is down 192.68 points.
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