Live cattle futures ended 35 to 75 cents lower yesterday, with deferred contracts higher, according to Brugler Marketing and Management.
There is still no sign of a low for October cattle, according to The Hightower Report.
STOCKS: The E-mini S&Ps were down 0.37 percent in early trading this morning. The Euro Stoxx 50 was down 0.40 percent. France’s CAC was down 0.66 percent while Germany’s DAX was down 0.89 percent and London’s FTSE 100 was down 1.25 percent. In the Asian markets Shanghai’s composite index was up 0.76 percent and Japan’s Nikkei Stock Index was down 0.91 percent.
CURRENCIES: The dollar index was down slightly at 0.001 percent and the EUR/USD was down 0.01 percent. The USD/JPY was up 0.21 percent.
ENERGY: Crude oil prices were down 1.43 percent in early trading this morning and gasoline was down 2.20 percent.