DTN Closing Livestock Comment 09/27 15:58
Livestock Futures Continue Lower, Cash Cattle Trade Steady
Fears of higher interest rates again consumed the marketplace and drove the
livestock complex lower.
DTN Livestock Analyst
The live cattle, feeder cattle and lean hog contracts fell back as the
likelihood of higher interest rates consumed the market and sent prices
tumbling. The cash cattle market saw some cattle trade in the South for $143,
which is steady with last week's business. Hog prices closed higher on the
Daily Direct Afternoon Hog report, up $5.49 with a weighted average of $97.37
on 25,754 head. December corn is up 1 1/4 cents per bushel and December soybean
meal is down $3.90. The Dow Jones Industrial Average is down 125.82 points.
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