DTN Closing Livestock Comment 11/17 16:08
17 Nov 2021
DTN Closing Livestock Comment 11/17 16:08 The Cash Cattle Battle Continues Largely, feedlots turned their noses up at packers' steady bids and are wanting to see this week's cash cattle market trade for more. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Heading into Thursday's trade, both the live cattle and lean hog markets will anxiously be awaiting Thursday's export report. The cash cattle market should see interest increase from packers, but trade could be delayed until Friday. Hog prices were lower on the National Direct Afternoon Hog Report, down $0.86 with a weighted average of $56.30 on 5,417 head. December corn is up 4 1/4 cents per bushel, and December soybean meal is up $7.20. The Dow Jones Industrial Average is down 211.17 points, and the NASDAQ is down 52.29 points.