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DTN Closing Livestock Comment 09/16 15:33
Weaker Tones Carry through the Livestock Contracts' Close
The livestock complex wasn't well supported throughout the day, which left
traders with no other option but to let the contracts drift lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex had a less-than-desirable day as the market neglected
to find the support it needed throughout the day's trading hours. Still no cash
cattle trade has developed, and asking prices remain elusive. December corn is
up 6 1/4 cents per bushel and December soybean meal is up $0.40. The Dow Jones
Industrial Average is down 125.55 points and the NASDAQ is down 14.79 points.
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