DTN Closing Livestock Comment 10/04 15:42
Southern Live Cattle Trade $1.00 Higher, Northern Dressed Cattle Trade $2.00
Higher
The cattle complex was able to keep its higher trend through Friday's close
as thankfully the cash cattle market once again traded higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle complex was well supported through Friday's end which largely was
because the cash cattle market ended up trading higher again this week which
helped keep traders engaged in the sector. Southern live cattle traded at $186
($1.00 higher than last week's weighted average) and Northern dressed cattle
traded at $296 ($2.00 higher than last week's weighted average). December corn
is down 3 1/2 cents per bushel and December soybean meal is down $2.00. The Dow
Jones Industrial Average is up 341.16 points.
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