DTN Closing Livestock Comment 10/15 15:38
15 Oct 2024
DTN Closing Livestock Comment 10/15 15:38 Traders Worry the Livestock Complex is Overbought Which Sent the Contracts Lower Heading into Wednesday's market a little more interest could surface for the cash cattle market, but trade isn't expected to develop until Thursday or Friday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a quiet day for the livestock complex as the board struggled as traders worried about the markets being overbought, which consequently led to all three of the markets rounding out the day lower. Asking prices are noted in the South at $189 to $190 but remain unestablished still in the North. December corn is down 7 cents per bushel and December soybean meal is down $3.50. The Dow Jones Industrial Average is down 324.80 points.