DTN Closing Livestock Comment 10/23 16:07
23 Oct 2024
DTN Closing Livestock Comment 10/23 16:07 Cattle Dive Lower Thanks to Equity Market Weakness Heading into Thursday's trade be on the lookout for any developments in the cash market and the morning's export sales report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the cattle contracts plummeted upon seeing the Dow Jones trade 300 to 400 points lower throughout the day, but the lean hog complex wasn't fazed and continued to trade higher through closing. Still no cash cattle trade has developed. December corn is up 2 1/2 cents per bushel and December soybean meal is down $2.70. The Dow Jones Industrial Average is down 409.94 points.