DTN Closing Livestock Comment 11/04 15:57
4 Nov 2024
DTN Closing Livestock Comment 11/04 15:57 Traders Let the Livestock Contracts Drift Lower Through Monday's Close Between seeing the Dow Jones trade lower and knowing there could be market jitters this week with the Presidential election set to be held on Tuesday, traders allowed the livestock contracts to drift lower throughout the day. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Overall, the livestock complex closed moderately lower as traders let the contracts drift lower while they closely watched the equity markets trade lower and are likely taking a cautious position ahead of Tuesday's Presidential election. No cash cattle trade developed throughout the day. December corn is up 2 cents per bushel and December soybean meal is up $4.30. The Dow Jones Industrial Average is down 257.59 points.