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DTN Closing Livestock Comment 09/24 16:12
Larger Than Expected Cattle on Feed Numbers
Cattle on feed totaled 11.23 million head Sept. 1. This is 1% below year-ago
levels, but still well above pre-report estimates. Cattle on feed numbers are
the second highest total since 1996. Total hog numbers fell 4% from year-ago
levels, with reductions in all significant categories.
By Rick Kment, DTN Contributing Analyst
GENERAL COMMENTS:
From Friday to Friday, livestock futures scored the following changes:
October live cattle up $0.13; December live cattle up $0.63; September feeder
cattle off $0.25; October feeder cattle up $0.97; October lean hogs up $1.55;
December lean hogs up $1.75
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