DTN Closing Livestock Comment 11/12 16:15
12 Nov 2021
DTN Closing Livestock Comment 11/12 16:15 Grain Markets Rally and Cattle Gingerly Walk Into Weekend Heading into next week's trade, the cattle market hopes that the rally in the grain sector doesn't squander all of next week's opportunities. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: There wasn't much trade to speak of through Friday's trade as the soybean meal and corn markets rallied, which sent both the live cattle and feeder cattle contracts retreating. Meanwhile, the lean hog market still closed higher as the complex was delighted to see China buying hogs in the week's export report. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.26 with a weighted average of $58.00 on 6,440 head. December corn is up 7 3/4 cents per bushel and December soybean meal is up $17.60. The Dow Jones Industrial Average is up 179.08 points and NASDAQ is up 156.68 points.