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DTN Closing Livestock Comment 11/03 15:16
Nebraska Trades Some Dressed Cattle Early at $340 on Tuesday
Some light cash cattle trade developed in Nebraska at $340 on Tuesday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Tuesday was another grim day for the livestock complex with not enough
support developing to encourage traders to push any of the contracts higher
through the day's close. Some light cash cattle trade developed throughout the
afternoon in Nebraska at $340, which likely means that the week's trend will be
lighter given that sales are developing this early in the week. December corn
is down 5 3/4 cents per bushel and December soybean meal is down $1.60. The Dow
Jones Industrial Average is down 260.89 points and the NASDAQ is up 206.45
points.
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