DTN Closing Livestock Comment 11/23 16:06
23 Nov 2021
DTN Closing Livestock Comment 11/23 16:06 Cash Cattle Sail North to Higher Prices It was an invigorating day for the cattle market; even though it's a holiday week, feedlots set their prices and packers came to the market hungry and looking for cattle once again. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It may be a shortened holiday week, but the cattle complex isn't willing to let an opportunity pass it by and miss out on advancing the market. Both the live cattle and feeder cattle contracts closed higher and the cash cattle market pushed the cash market higher once again. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.50 with a weighted average of $55.41 on 7,227 head. December corn is up 3 3/4 cents per bushel and December soybean meal is down $7.80. The Dow Jones Industrial Average is up 194.55 points and NASDAQ is down 79.62 points.