DTN Closing Livestock Comment 11/22 16:48
24 Nov 2017
DTN Closing Livestock Comment 11/22 16:48 Lean Hog Futures Blast to Two-Week High Before Thanksgiving Meat futures rock the pre-Thanksgiving market with triple-digit gains. Nearby hog contracts soared, powered in part by bullish demand implications of smaller cold storage inventory. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade was very limited Wednesday with just a few live deals reported in Colorado and western Nebraska at $120.50. According to the closing report, the national hog base is .06 higher ($50.00-$58.00, weighted average $56.65). Corn futures closed fractionally higher, mildly supported by better action in the bean market. The stock market closed mixed with the Dow negative by 64 points and the Nasdaq up 4.