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DTN Closing Livestock Comment 10/03 16:03

3 Oct 2024

DTN Closing Livestock Comment 10/03 16:03 Traders Walk Back Some of Wednesday's Rally Heading into Friday's market traders will be watching the cash cattle market closely as cattle have yet to trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex's nearby contracts closed mostly lower Thursday afternoon as traders questioned whether they overdid the market's run on Wednesday and were left unsupported fundamentally as they don't know the direction of the cash market yet, boxed beef prices closed mixed and pork cutout values closed lower. December corn is down 4 1/4 cents per bushel and December soybean meal is down $7.90. The Dow Jones Industrial Average is down 184.93 points.

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