DTN Closing Livestock Comment 11/05 16:46
5 Nov 2021
DTN Closing Livestock Comment 11/05 16:46 Livestock Markets Anything but Boring Friday Heading into the weekend, feedlots couldn't be prouder of this week's advancements. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: What a week it was for the livestock sector. The cash cattle market managed to push prices to $130. The feeder cattle contracts rallied on the corn market's weakness and on seeing the strength in live cattle. And the lean hog market saw some holiday buying, which fluctuated pork cutout values. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.08 with a weighted average of $59.90 on 8,368 head. December corn is down 6 1/4 cents per bushel, and December soybean meal is down $3.10. The Dow Jones Industrial Average is up 203.72 points, and the NASDAQ is up 31.28 points. From Friday to Friday, livestock futures scored the following changes: December live cattle up $2.53, February live cattle up $2.90, November feeder cattle up $2.30, January feeder cattle up $3.47, December lean hogs up $0.47, and February lean hogs up $0.80.