DTN Closing Livestock Comment 11/02 16:09
2 Nov 2021
DTN Closing Livestock Comment 11/02 16:09 Feeder Cattle Take Tuesday With a Vengeance Heading into Wednesday's trade, feedlots know that they can at least demand $3 higher than last week's market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It's been a powerful day for the cattle market as live cattle closed higher and saw phenomenal cash cattle demand on the few head that traded. And the feeder cattle market closed significantly higher as the market finally caught a break from the corn market. Meanwhile, the lean hog complex veered lower, but pork cutout values did manage to round out the day higher. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.05 with a weighted average of $60.98 on 10,187 head. December corn is down 6 cents per bushel, and December soybean meal is up $8.10. The Dow Jones Industrial Average is up 138.79 points, and the NASDAQ is up 53.68 points.