|
|
|
|
|
|
DTN Closing Livestock Comment 09/18 16:00
Live Cattle and Lean Hogs Celebrate a Higher End Wednesday Afternoon
Heading into Thursday's trade export data and any developments in the cash
cattle market will remain key factors for the day's trade.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
Even though traders believed that the Federal Reserve would lower interest
rates this afternoon, it was peace of mind to see Chairman Powell publicly
announce a half-point cut this afternoon. Still no cash cattle trade has
developed, and it's likely that trade could be delayed until Friday. December
corn is up 1/4 cents per bushel and December soybean meal is down $0.10. The
Dow Jones Industrial Average is up 180.19 points.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
|
|