DTN Closing Livestock Comment 11/13 15:22
Weaker Fundamentals Pull the Futures Complex Lower
The livestock complex had another lower waning day as support simply wasn't
strong enough for traders to justify advancing the contracts any higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was another lower-waning day for the livestock complex as all three of
the markets closed lower. Some cash cattle trade developed throughout the day
as well, and prices traded mostly $3.00 lower in the South, but $7.00 to $10.00
lower in the North. December corn is up 6 1/4 cents per bushel and December
soybean meal is up $7.40. The Dow Jones Industrial Average is down 797.60
points and the NASDAQ is down 536.10 points.
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