DTN Closing Livestock Comment 11/19 15:25
19 Nov 2024
DTN Closing Livestock Comment 11/19 15:25 Traders Continue to Dive Into Cattle Contracts Heading into Wednesday's market some early packer interest could develop, but trade will likely be delayed until Thursday or Friday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another rip-roaring rallying day for the cattle complex as traders continue to dive into both the live cattle and feeder cattle markets which is helping propel the contracts higher despite the market's fundamentals being somewhat exhausted. Meanwhile, the lean hog complex closed lower yet again as traders hope to see better market fundamentals. December corn is down 2 cents per bushel and December soybean meal is down $1.70. The Dow Jones Industrial Average is down 146.03 points.