DTN Closing Livestock Comment 09/19 15:46
19 Sep 2024
DTN Closing Livestock Comment 09/19 15:46 Livestock Complex Closes Higher Thanks to Strong Equity Markets Heading into Friday's trade the market is anxious to see the afternoon's Cattle on Feed report and what happens in the cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a prosperous day for the livestock complex as the vast majority of the contracts closed higher thanks to the support of strong equity markets. The cash cattle market still hasn't traded, and at this point it's looking like feedlots may be able to hold this week's market steady when trade does develop. December corn is down 7 cents per bushel and December soybean meal is up $0.20. The Dow Jones Industrial Average is up 522.09 points.