DTN Closing Livestock Comment 10/21 15:51
21 Oct 2024
DTN Closing Livestock Comment 10/21 15:51 Cattle Struggle to Muster Support While Hogs Successfully Close Higher It was a lackadaisical day for the cattle complex as traders allowed both the live cattle and feeder cattle contracts to drift lower through Monday's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a slow and lethargic day for the cattle complex as traders paid little attention to the cattle market, but the lean hog complex successfully closed slightly higher as consumer demand helped encourage traders. But with the monthly Cattle on Feed report set to be released on Friday, the cattle complex is more skeptical. December corn is up 4 3/4 cents per bushel and December soybean meal is up $2.70. The Dow Jones Industrial Average is down 344.31 points.