DTN Closing Livestock Comment 10/23 15:24
No Cash Cattle Trade has Developed Yet
Still no cash cattle trade has developed as once again packers and feedlot
managers go toe to toe.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
What a day it was. The Cattle on Feed report was extremely bullish with
placements down 12%, and the fed cash cattle market has yet to trade any cattle
as packers and feedlot managers go toe to toe. It will be interesting to pick
up where this week left off on Monday. December corn is down 4 1/2 cents per
bushel and December soybean meal is down $1.20. The Dow Jones Industrial
Average is down 639.45 points and the NASDAQ is down 55.46 points.
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