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DTN Closing Livestock Comment 09/15 15:22
Traders Rally the Cattle Contracts on Monday Following Friday's Weaker End
Following the sharp sell-off on Friday, it was relieving to see the cattle
contracts close substantially higher on Monday afternoon.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a grandiose day for the cattle complex, as the futures complex
switched direction from Friday's descent lower to a higher trajectory
throughout Monday. New showlists appear to be mixed, higher in Kansas but lower
in Texas and Nebraska/Colorado. December corn is down 6 3/4 cents per bushel,
and December soybean meal is down $2.90. The Dow Jones Industrial Average is up
31.44 points, and the NASDAQ is up 175.05 points.
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