COMMODITY REVIEW AND OUTLOOK

195 Route 6A, Suite 6, Orleans, Massachusetts

(October 16, 1997) FEEDER CATTLE: SHORT TERM–Cash markets have been active, implying renewed demand. However, the report could add a bearish element, with the prospect for higher corn prices also adding a negative tone.

RESISTANCE–Resistance basis November remains near the 7700, 7760-7780, 7835, 7950 or so, 8050-8065, 8110.

SUPPORT–Support basis November is near 7635, 7615.

RECOMMENDATION–Stand aside.

M. Steven Morgan

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