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DTN Closing Livestock Comment 11/19 15:39
Fed Cash Cattle Prices Dip $6.00 Lower in the North and $4.00 Lower in the
South
With both boxed beef prices and fed cash cattle prices trading lower,
traders felt as if there was no other option but to trade the cattle contracts
lower.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed, with the cattle contracts disappointed
still in the market's weak fundamentals, but the lean hog contracts found some
trader support ahead of the day's close. Some light dressed cash cattle trade
developed in the North at $345, which is $6.00 lower than last week's weighted
average, and Southern live cattle traded at $224, which is $4.00 lower than
last week's weighted average. December corn is down 7 cents per bushel and
December soybean meal is down $8.10. The Dow Jones Industrial Average is up
47.03 points and the NASDAQ is up 131.38 points.
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