DTN Closing Livestock Comment 11/25 16:05
Livestock Contracts Rally with Thanksgiving Spirit
It's been a strong week for the livestock contracts as once again the three
markets close fully higher.
DTN Livestock Analyst
It's been a phenomenal week for both the cattle contracts and lean hog
market. Both markets have seen follow-through trader support and are heading
into Friday's trade fully higher. Potentially the most interesting market to
watch is how feedlots navigate this week's cash cattle trade. Hog prices closed
lower on the National Direct Afternoon Hog Report, down $0.50 with a weighted
average of $57.39 on 4,890 head. March corn is down 5 cents per bushel and
January soybean meal is down $1.00. The Dow Jones Industrial Average is down
177.25 points and NASDAQ is up 54.38 points.
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