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DTN Closing Livestock Comment 10/14 16:05
CME Feeder Cattle Index Breaks to $373.02
It was another powerhouse of a day as the cattle contracts surged higher
thanks to traders believing in the market's stronger fundamental outlook.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The cattle complex had another phenomenal day where massive gains were seen
as traders continue to bullishly push the contracts higher upon seeing the
immense support in the market's long-term outlook. Still no cash cattle trade
developed. December corn is up 2 1/4 cents per bushel and December soybean meal
is up $0.20. The Dow Jones Industrial Average is up 202.88 points and the
NASDAQ is down 172.91 points.
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