DTN Closing Livestock Comment 09/23 16:14
Cattle Contracts Close Fully Higher Wednesday
Cattle contracts closed higher, giving feeders confidence in asking higher
prices for this week's cash cattle trade.
DTN Livestock Analyst
Wednesday boosted the moral throughout the cattle sector after following two
days of mostly lower trade. The lean hog complex was still able to rally nearby
contracts but fought some hesitation in deferred contracts. Hog prices are
higher on the National Direct Afternoon Hog Report, up $1.00 with a weighted
average of $64.35 on 9,463 head. December lean hogs are up $0.25 at $64.35,
December corn is down 3/4 cent per bushel and December soybean meal is up
$3.60. The Dow Jones Industrial Average is down 525.05 points and NASDAQ is
down 330.66 points.
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