DTN Closing Livestock Comment 11/07 15:57
7 Nov 2024
DTN Closing Livestock Comment 11/07 15:57 Boxed Beef Prices and Pork Cutout Values Dip Lower Heading into Friday's trade the market will be closely watching for the mid-morning WASDE report and any developments in the cash cattle market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as although the futures contracts closed higher, the market saw some pressure from its fundamentals as both pork cutout values and boxed beef prices closed lower. Still no cash cattle trade has developed but prices are expected to be lower this week. December corn is up 1 1/4 cents per bushel and December soybean meal is up $0.10. The Dow Jones Industrial Average is down 0.59 points.