DTN Closing Livestock Comment 12/18 16:03
18 Dec 2023
DTN Closing Livestock Comment 12/18 16:03 Cattle Close Higher Monday Cattle futures continued higher Monday, but ended well below session highs as buyer momentum quickly ran out of gas in the last hour of trade. Hog futures remain mixed, similar to trade earlier in the session. Rick Kment DTN Analyst GENERAL COMMENTS: Strong early gains developing in feeder cattle trade during the first half of Monday's trading session has left traders looking for additional direction later in the week. However, nearby feeder cattle futures slipped significantly from daily market highs of nearly $4 per cwt, but the triple-digit gain is still not likely to leave many too fearful.