DTN Closing Livestock Comment 11/25 15:14

DTN Closing Livestock Comment 11/25 15:14 Cattle Futures Blast Higher Following Thanksgiving With Triple-Digit Gains Responding to explosive cash action on Wednesday, live and feeder futures soared to the highest prices seen since late summer. Lean hogs also settled with triple-digit gains, benefitting from spillover bullishness from the cattle complex. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The late-week cash trade was not tested on the far side of Thanksgiving thanks to all the good work put in by packers and feedlot managers Wednesday. WTD trade volume totals took adequate but not exactly overflowing. This suggests that buyers should start out next week needing cattle. Whatever remained on showlists Friday seemed to be priced around $113-$115 in the South and $175-plus in the North. According to the closing report, the national hog base is $0.54 higher ($39.00-$43.25, weighted average $41.88). From Friday to Friday livestock futures scored the following changes: Dec LC, Up $2.43; Feb LC, Up $3.35; Jan FC, Up $2.30; Mar FC, Up $2.33, Dec LH, Up $3.25, Feb LH, Up $2.58. Corn futures drifted a penny or so lower in listless, post-holiday trade volume. U.S. equities as investors kept an eye on retailers during Black Friday as a post-election rally moved forward. The Dow closed 68 points higher with the Dow better by 18.