DTN Closing Livestock Comment 10/04 15:33
Traders Cautiously Dipped Their Toe in Wednesday's Livestock Waters
The livestock complex saw slightly better interest from traders throughout
the day, but heading into the second half of the week, more cash cattle trade
will need to develop.
DTN Livestock Analyst
Following Tuesday's steep sell-off, the livestock complex saw a little
better interest through Wednesday's market although traders remain on-high
alert with the political and economic state of our country. Hog prices closed
higher on the Daily Direct Afternoon Hog Report, up $0.53 with a weighted
average price of $71.77 on 6,463 head. December corn is down 1 1/2 cents per
bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average
is up 127.17 points.