DTN Closing Livestock Comment 10/02 15:55
Traders Run Livestock Contracts Sharply Higher
Asking prices have been noted in the South at $187, but are still
unestablished in the North.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex was aggressively supported by traders throughout the
day as traders rushed into the commodity markets with a vengeance. Still no
cash cattle trade has developed, but packer interest should improve by
Thursday. December corn is up 3 1/2 cents per bushel and December soybean meal
is down $7.10. The Dow Jones Industrial Average is up 39.55 points.
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