DTN Closing Livestock Comment 11/20 16:03
20 Nov 2024
DTN Closing Livestock Comment 11/20 16:03 Livestock Complex Closes Mixed With Hope of Better Fundamental Support Heading into Thursday's trade traders will be eager to see Thursday's export report and given that both boxed beef prices and pork cutout values have been pressured recently, the markets are hoping for excellent demand. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed as the lean hog contracts finally found some technical footing in the futures complex, the feeder cattle market rallied through the day's end, but the live cattle complex closed on both sides of steady. A handful of cattle sold in Nebraska at $290, but not enough traded to say that any sort of trend has been established for the week. December corn is up 3 cents per bushel and December soybean meal is up $0.80. The Dow Jones Industrial Average is up 139.53 points.