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Friday, September 20, 2024  
 
 
 
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DTN Closing Livestock Comment 09/20 15:54
   December Live Cattle Close Above the Market's 100-Day Moving Average

   Between the gains seen in the futures complex and the $2.00 to $3.00 advance
in the cash market -- the cattle complex was well support through Friday's end.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was an exhilarating day for the cattle complex as the contracts rallied
through the day's end and cash cattle prices rallied $2.00 to $3.00 higher. And
thankfully Friday's Cattle on Feed report will likely be found as mostly
neutral for the market. December corn is down 4 cents per bushel and December
soybean meal is down $2.40. The Dow Jones Industrial Average is up 38.17 points.
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