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DTN Closing Livestock Comment 11/21 16:24

21 Nov 2023

DTN Closing Livestock Comment 11/21 16:24 Livestock Futures Falter Tuesday Weakness developed in cattle and hog futures Tuesday as limited pre-holiday trade activity left buyers on the sidelines and allowed prices to shift lower in limited volume and interest. Rick Kment DTN Analyst GENERAL COMMENTS: Following several weeks of overall supply uncertainty in the cattle markets, Tuesday seemed to be the first day that traders were not overly focused on short- or long-term supply level shifts in the cattle market. This left prices generally unsupported due to limited trade volume, and traders are now focusing on Thanksgiving preparations, and likely early Black Friday savings.

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