DTN Closing Livestock Comment 11/04 15:57
Traders Let the Livestock Contracts Drift Lower Through Monday's Close
Between seeing the Dow Jones trade lower and knowing there could be market
jitters this week with the Presidential election set to be held on Tuesday,
traders allowed the livestock contracts to drift lower throughout the day.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Overall, the livestock complex closed moderately lower as traders let the
contracts drift lower while they closely watched the equity markets trade lower
and are likely taking a cautious position ahead of Tuesday's Presidential
election. No cash cattle trade developed throughout the day. December corn is
up 2 cents per bushel and December soybean meal is up $4.30. The Dow Jones
Industrial Average is down 257.59 points.
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