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DTN Closing Livestock Comment 10/03 16:03
Traders Walk Back Some of Wednesday's Rally
Heading into Friday's market traders will be watching the cash cattle market
closely as cattle have yet to trade.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex's nearby contracts closed mostly lower Thursday
afternoon as traders questioned whether they overdid the market's run on
Wednesday and were left unsupported fundamentally as they don't know the
direction of the cash market yet, boxed beef prices closed mixed and pork
cutout values closed lower. December corn is down 4 1/4 cents per bushel and
December soybean meal is down $7.90. The Dow Jones Industrial Average is down
184.93 points.
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