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DTN Closing Livestock Comment 09/12 16:08
Traders Lend Livestock Complex Little Support on Friday
Heading into Monday's market, livestock enthusiasts are hopeful that more
technical support will surface following Friday's weaker end.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had a lackluster end to the week as prices closed
softer as traders simply seemed to distance themselves from the complex
throughout the day. A few more cash cattle sales were reported throughout the
day, but they were mostly clean-up in nature. December corn is up 10 1/4 cents
per bushel and December soybean meal is up $0.90. The Dow Jones Industrial
Average is down 273.78 points and the NASDAQ is up 98.03 points.
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