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DTN Closing Livestock Comment 10/15 16:09
Cattle Futures Regain Early Week Losses on Friday
Following a week of active pressure in lean hog trade, buyers finally moved
back into the complex. This helped to post triple-digit gains in most
contracts, as underlying price support has likely been reached. Strong pressure
in feeder cattle trade developed following rebound in grain markets.
By Rick Kment, DTN Contributing Analyst
GENERAL COMMENTS:
From Friday to Friday: livestock futures scored the following changes:
October live cattle up $0.40, December live cattle up $0.72; October feeder
cattle off $1.90, November feeder cattle up $0.28; December lean hogs off
$3.22, February lean hogs off $2.55
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