DTN Closing Livestock Comment 11/27 15:59
27 Nov 2019
DTN Closing Livestock Comment 11/27 15:59 Cattle Contracts Higher, Lean Hog Contract Lower Wednesday Cash cattle started some sparks Wednesday afternoon, rallying $3.00 to $4.00 higher. By ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: I've heard of luck traipsing around Christmas, but I don't know that I recall cattlemen touting that Thanksgiving ever shared that much luck with them. I guess it's a good thing that 2019 is a year full of changes, and this week brings some good changes. Hog prices are higher on the National Direct Afternoon Hog Report, up $0.35 with a weighted average of $42.80 - pushing closer and closer to $43.00. December corn is down 4 3/4 cents per bushel and January soybean meal is down $0.90. The Dow Jones Industrial Average is up 43.88 points and NASDAQ is up 57.25 points.