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DTN Closing Livestock Comment 11/17 16:34
   Feeder Cattle Futures Close Week With Triple-Digit Losses

   The cattle complex closed solidly lower with feeders feeding the late-week
sell-off. On the other hand, lean hog contracts settled on a mixed basis with
nearbys gaining on their deferred counterparts.

By John Harrington
DTN Livestock Analyst


   The cash cattle trade was not tested in the late rounds with buyers and
sellers apparently satisfied with trade volume generated at midweek. Showlists
could be somewhat larger on Monday, but so should packer appetite given the
need to line up the full slaughter schedule following Thanksgiving. The
National hog base closed off $0.59 compared with the Prior Day settlement
($51.00-$58.25, weighted average $56.96). From Friday to Friday, livestock
futures scored the following changes: Dec LC off $1.72; Feb LC off $2.08; Jan
FC off $5.45; Mar FC off $4.95; Dec LH off $1.82; Feb LH off $3.18. Corn
futures closed 6 cents plus higher, supported by pre-holiday short-covering and
commercial buying interest. The stock market closed lower with the Dow off 100
points and the NASDAQ down by 10.
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