DTN Closing Livestock Comment 09/16 15:48
Traders Support Hogs through Monday's End, But Let the Cattle Contracts
Drift Slightly Lower
Heading into Tuesday's market asking prices could develop in the South but
won't likely surface until later in the week for the Northern feedlots.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a mixed day for the livestock complex as the lean hog market rallied
throughout the day, but the cattle complex traded mixed. Traders could be leery
of overly supporting the cattle contracts ahead of seeing what Friday's Cattle
on Feed report unveils. December corn is down 2 1/2 cents per bushel and
December soybean meal is up $0.90. The Dow Jones Industrial Average is up
192.48 points.
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