DTN Closing Livestock Comment 12/04 06:26
Feeder Cattle Futures Tumble Lower Friday
Active pressure in livestock futures trade Friday was led by aggressive
market losses across the feeder cattle complex. The optimism seen Tuesday and
Wednesday has been fully eroded as January feeder cattle fell nearly $5 per cwt
through the week.
Rick Kment
DTN Analyst
GENERAL COMMENTS:
Week Ended: 12/1/23: From Friday-to-Friday, livestock futures scored the
following changes: December Live Cattle off $0.97, February Live Cattle off
$1.85; January Feeder Cattle off $4.90, March Feeder Cattle off $5.50; December
Lean Hogs up $1.03, February Lean Hogs up $1.33; December Pork cutout up $1.95.
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