DTN Closing Livestock Comment 09/18 15:55
Cattle Contracts Close Slightly Higher; Northern Dressed Cattle Trade Lower
Heading into Friday's trade, be on the lookout for more trade to develop in
the cash cattle complex and for the afternoon's Cattle on Feed report.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mostly higher Thursday afternoon as traders
were willing to lend the market some mild support. Friday will be a significant
day for the livestock complex, particularly the cattle complex, as the cash
cattle market is expected to see increased trading activity and the monthly
Cattle on Feed report will be released. December corn is down 3 cents per
bushel and December soybean meal is down $1.00. The Dow Jones Industrial
Average is up 124.10 points and the NASDAQ is up 209.40 points.
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