DTN Closing Livestock Comment 10/30 16:14
Feedlots Digging In
Cattle futures had a successful rally this past week and feedlots aren't
letting the week's opportunity pass by.
DTN Livestock Analyst
Heading into the weekend, the unanswered questions of this week are, "how
are fat cattle going to round out the week's trade?" With only a small sampling
of cattle traded as of this point, there's still time yet this week for
business to be conducted. Hog prices closed lower on the National Direct
Afternoon Hog Report, down $0.31 with a weighted average of $61.31 on 6,857
head. December corn is steady and December soybean meal is steady. The Dow
Jones Industrial Average is down 157.51 points and NASDAQ is down 274.00 points.
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