DTN Closing Livestock Comment 12/21 16:04
21 Dec 2023
DTN Closing Livestock Comment 12/21 16:04 Livestock Futures Slide Lower Thursday Traders quickly retracted midweek cattle market gains during the Thursday session with triple-digit losses seen in all but December live cattle trade. The limited pre-holiday volume is adding even more uncertainty to the complex during late week trade. Rick Kment DTN Analyst GENERAL COMMENTS: Cattle futures have done a complete turnaround from the midweek rally that developed Wednesday. The lack of underlying support and sluggish market interest in all cattle markets continues to add to the price shifts and leaving markets even more unsettled going into the Cattle on Feed report.