DTN Closing Livestock Comment 10/24 15:58
Talks with Mexico Drive Cattle Contracts Lower
Southern live cattle traded at $238 and Northern dressed cattle traded at
$370, both of which are $2.00 lower than last week's weighted average.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was another brutal day for the cattle complex as the market remains on
edge, knowing that Agriculture Secretary Rollins is meeting with Mexico's
agricultural minister. Cash cattle prices traded $2.00 lower in both the North
and the South. December corn is down 4 3/4 cents per bushel and December
soybean meal is up $1.80. The Dow Jones Industrial Average is up 472.51 points
and the NASDAQ is up 263.07 points.
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