DTN Closing Livestock Comment 09/17 15:26
Cattle Sank Sharpley Lower through Thursday's End
Expect to see the monthly Cattle on Feed report unveiled Friday and more
cash cattle trade needs to develop.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle contracts plummeted lower through Thursday's end as the market
remains unable to gain strong footing. Some light cash cattle trade was noted
in the North at $350 which is steady with last week's weighted average. Do note
that on Friday the monthly Cattle on Feed report is set to be released.
December corn is down 3 3/4 cents per bushel and December soybean meal is up
$5.70. The Dow Jones Industrial Average is up 316.14 points and NASDAQ is up
439.88 points.
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