DTN Closing Livestock Comment 09/18 16:00
18 Sep 2024
DTN Closing Livestock Comment 09/18 16:00 Live Cattle and Lean Hogs Celebrate a Higher End Wednesday Afternoon Heading into Thursday's trade export data and any developments in the cash cattle market will remain key factors for the day's trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though traders believed that the Federal Reserve would lower interest rates this afternoon, it was peace of mind to see Chairman Powell publicly announce a half-point cut this afternoon. Still no cash cattle trade has developed, and it's likely that trade could be delayed until Friday. December corn is up 1/4 cents per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is up 180.19 points.