DTN Closing Livestock Comment 09/03 16:06
3 Sep 2021
DTN Closing Livestock Comment 09/03 16:06 Cattle Markets Continue to Tumble Lower Friday Sharp losses developed in cattle futures with feeder cattle trade once again, leading the board lower with most nearby contracts falling $2 to $2.50 per cwt. The lack of support in beef values, stability in corn prices, and overall light trade left cattle traders "holding the short end of the stick" at the end of the week. By Rick Kment, DTN Contributing Analyst GENERAL COMMENTS: From Friday to Friday: Livestock futures scored the following changes: Oct Live Cattle off $4.33 Dec Live Cattle off $4.40; Sep Feeder Cattle off $6.18 Oct Feeder Cattle off $5.95; Oct Lean Hogs off $1.15 Dec Lean Hogs off $0.95.