DTN Closing Livestock Comment 09/26 15:29
Concerns About a Government Shutdown Send Livestock Lower
It was a lousy day for the livestock contracts as all three markets closed
mostly lower, but the cattle contracts endured the brunt of the day's downturn.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a brutal day for the livestock complex as the contracts turned lower
across all three markets largely thanks to the likelihood that a government
shutdown could occur. Hog prices closed lower on the Daily Direct Afternoon Hog
Report, down $0.66 with a weighted average price of $76.88 on 7,201 head.
December corn is down 1 1/2 cents per bushel and December soybean meal is up
$2.90. The Dow Jones Industrial Average is down 377.06 points.
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