DTN Closing Livestock Comment 09/23 15:55
Traders Run From Market Ahead of Friday's Close
The markets closed with panic and uncertainty laced throughout their
innermost core as higher interest rates concern everyone involved.
DTN Livestock Analyst
Friday's market lent the livestock complex no favors as the contracts dived
lower upon the onset of higher interest rates which created uncertainly
throughout the entire marketplace. The cattle complex had even more anxiety
heading into the afternoon as it awaited Friday's Cattle on Feed Report. Hog
prices closed lower on the Daily Direct Afternoon Hog Report, down $7.69 with a
weighted average of $86.34 on 3,395 head. December corn is down 11 1/2 cents
per bushel and December soybean meal is down $5.60. The Dow Jones Industrial
Average is down 486.27 points.
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