DTN Closing Livestock Comment 12/27 15:56
27 Dec 2023
DTN Closing Livestock Comment 12/27 15:56 Mixed but Wide Price Movements Seen in Light Holiday Trade Livestock futures moved in different directions through the day due in part to limited volume and light holiday trade activity. Firm gains in feeder cattle trade have been offset by pressure in both live cattle and lean hog futures midweek. Rick Kment DTN Analyst GENERAL COMMENTS: The focus on light trade activity and limited volume surrounding the holidays sometimes seems to be the most obvious answer for market shifts, however, even though the lack of active market participants does have a significant role in the ability for market prices to break away from fundamental and technical market shifts, the reality of daily market shifts due to this quiet trade does not make the price losses or gains any less real or logical.