DTN Closing Livestock Comment 09/11 15:38
11 Sep 2023
DTN Closing Livestock Comment 09/11 15:38 Cattle See New Contract Highs; CME Feeder Cattle Index Tops $250 The cattle market's excitement continued as the contracts had a wildly successful day, which could help keep the momentum rolling into later in the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The spot October live cattle contract hit a new contract high, the spot October feeder cattle contract scored a new contract high and the CME feeder cattle index broke above $250.00 -- talk about a wildly successful Monday for the cattle complex! Heading into Tuesday's market, traders will be eager to see what the day's WASDE report unveils. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.03 with a weighted average price of $79.17 on 1,608 head. December corn is up 2 cents per bushel and December soybean meal is up $3.50. The Dow Jones Industrial Average is up 87.13 points.