DTN Closing Livestock Comment 11/02 15:33

DTN Closing Livestock Comment 11/02 15:33 Livestock Futures Close Week Mostly in the Red The cattle complex settled lower with feeder issues attracting more selling interest than their live counterparts. Hog futures also finished mostly lower with only a few 2019 issues setting marginally higher. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The trading hour glass in cattle country may be quickly running out of sand, but no one has sown much panic yet. Significant trade volume may not surface until late Friday afternoon. Between bids of $112-$114 live/$180 dressed and asking prices of $185-plus, we expect to see at least a moderate level of compromise develop before buyers and sellers throw in the towel for the week. According to the closing report, the national hog base totaled $0.59 higher at $57.58 ($52-$58.50). December corn settled a short nickel higher just before the weekend break thanks to this fall's harvest challenges and active exports. The stock market closed lower with the Dow off 112 points and the Nasdaq down by 77. From Friday to Friday, livestock futures scored the following changes: December LC, off $1.33; February LC, off $1.25; November FC, off $2.30; January FC, up $0.05; December LH, up $0.20; February LH, off $1.72.