DTN Closing Livestock Comment 09/17 16:02
Lack of Fundamental Support Continues to Cause Livestock Contracts to Drift
Lower
Heading into Thursday's market, we could see more cash cattle interest
develop.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a lower-waning day for the livestock complex, where fundamental
support neglected to show up, and that obviously affected how traders
approached the futures complex today. A few sales were noted in the South in
the fed cash cattle market, but the movement wasn't enough to say that any sort
of trend has been established yet for the week. December corn is down 2 3/4
cents per bushel and December soybean meal is down $0.40. The Dow Jones
Industrial Average is up 260.42 points and the NASDAQ is down 72.63 points.
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