DTN Closing Livestock Comment 11/12 15:55
Cattle Contracts Fared Better Than Expected
After the noon hour Tuesday cattle contracts made a mixed comeback and lean
hog contracts fared exceptionally well.
By ShayLe Stewart
DTN Livestock Analyst
Even though Tuesdays are generally tough on cattle contracts, both cattle
markets were able to close the day either mixed or mostly higher, and lean hog
contracts had a successful day in both nearby and deferred contracts. Hog
prices are up on the National Direct Afternoon Hog Report, up $0.10 with a
weighted average of $42.69. December corn is up 4 1/2 cents per bushel and
December soybean meal is up $1.70. The Dow Jones Industrial Average is steady
and NASDAQ is up 21.81 points.
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