DTN Closing Livestock Comment 11/26 15:34
26 Nov 2024
DTN Closing Livestock Comment 11/26 15:34 Lean Hog, Feeder Cattle Contracts Close Higher Tuesday Afternoon The futures market will likely be vaguely traded on Wednesday ahead of the Thanksgiving giving holiday, but it's a coin toss on whether or not cash cattle trade will develop on Wednesday or be postponed until Friday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex rounded out the day mixed as both the lean hog and feeder cattle markets were well supported through Tuesday's close, but the live cattle contracts remained cautious. Still no sizeable sales have developed in the cash cattle market, but packer demand could improve on Wednesday. December corn is down 4 3/4 cents per bushel and January soybean meal is down $4.50. The Dow Jones Industrial Average is up 123.74 points.