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DTN Closing Livestock Comment 10/28 15:48
Monday Pushes the Livestock Complex Higher
Traders remain eager to support the livestock complex and so long as
consumer support remains ample, the contracts stand a good chance of continuing
to trade steady/somewhat higher.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It ended up being a supportive day for the livestock complex as all three of
the markets closed higher. Once again, this week traders will closely monitor
consumer demand as that will play a pivotal role in the market's direction.
December corn is down 4 1/2 cents per bushel and December soybean meal is down
$1.00. The Dow Jones Industrial Average is up 273.17 points.
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