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DTN Closing Livestock Comment 11/26 15:34
Lean Hog, Feeder Cattle Contracts Close Higher Tuesday Afternoon
The futures market will likely be vaguely traded on Wednesday ahead of the
Thanksgiving giving holiday, but it's a coin toss on whether or not cash cattle
trade will develop on Wednesday or be postponed until Friday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex rounded out the day mixed as both the lean hog and
feeder cattle markets were well supported through Tuesday's close, but the live
cattle contracts remained cautious. Still no sizeable sales have developed in
the cash cattle market, but packer demand could improve on Wednesday. December
corn is down 4 3/4 cents per bushel and January soybean meal is down $4.50. The
Dow Jones Industrial Average is up 123.74 points.
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