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DTN Closing Livestock Comment 11/06 15:34
Lower Trends Continue in the Livestock Complex
With overall support remaining an issue, the livestock complex again closed
lower Thursday afternoon.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed lower Thursday afternoon as the markets are
continuing to struggle to find the support they need. No new cash cattle trade
developed throughout the day, but packers will need to purchase more cattle on
Friday to avoid being short bought. December corn is down 6 1/2 cents per
bushel and December soybean meal is down $12.10. The Dow Jones Industrial
Average is down 398.70 points and the NASDAQ is down 445.81 points.
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