DTN Closing Livestock Comment 10/24 15:36
24 Oct 2023
DTN Closing Livestock Comment 10/24 15:36 Mixed Cattle Prices Develop Tuesday Livestock markets remained mixed Tuesday as traders seem content with the recent market liquidation seen across the complex, but buyers are still unwilling to actively step back into the market at this point. Traders will continue to focus both on fundamental market developments and technical signals over the coming days. Rick Kment DTN Analyst GENERAL COMMENTS: Initial strong gains in cattle futures created increased hope that active buyer support would retract some or most of the report pressure seen over the last couple of days. Most of the initial buying was reactionary based, and very short-lived due to limited buy orders developing.