DTN Closing Livestock Comment 10/14 15:37
Weak Fundamental Support Keeps the Livestock Contracts Trading Lower
Still no cash cattle trade has developed, and no bids were offered
throughout the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was another lackadaisical day for the livestock complex as traders had no
real other viable option but to let the contracts drift lower as fundamental
support remains sparse. No cash cattle trade developed throughout the day.
December corn is down 2 cents per bushel and December soybean meal is up $1.30.
The Dow Jones Industrial Average is down 48.62 points and the NASDAQ is down
511.51 points.
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