DTN Closing Livestock Comment 11/29 15:53
29 Nov 2024
DTN Closing Livestock Comment 11/29 15:53 Cattle Momentum Continues Through Friday's Close Even though traders were lightheartedly engaged in Friday's market, the cash cattle market's support earlier this week helped keep both the live cattle and feeder cattle contracts higher through the day's end. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a typical, post-holiday trading day as the market wandered through the day's closing bell not seeing a whole lot of action one way or another. The cattle complex was able to continue to trade higher thanks to the cash cattle market's continued support, but the lean hog contracts showed signs of exhaustion and closed lower. March corn is up 5 cents per bushel and January soybean meal is down $3.50. The Dow Jones Industrial Average is up 188.59 points