DTN Closing Livestock Comment 09/24 16:18
Feeders Move the Cash Cattle Market Higher
Looking back, the cattle complex is glad to have traded lower earlier this
week as Thursday's spark helped feeders move the cash market higher.
DTN Livestock Analyst
It was a big day for the livestock market as Thursday saw cattle contracts
move higher after trading lower throughout the week. In addition, the unveiling
of the quarterly hogs and pigs report was highly sought after. Hog prices
closed higher on the National Direct Afternoon Hog Report, up $0.36 with a
weighted average of $64.71 on 4,230 head. December corn is down 5 cents per
bushel and December soybean meal is down $8.10. The Dow Jones Industrial
Average is up 52.31 points and NASDAQ is up 39.29 points.
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