DTN Closing Livestock Comment 11/25 15:26
Mostly Higher Prices Remain the Livestock Market's Theme Through Monday's
Close
Heading into Tuesday's market, we will keep an eye on the cash cattle market
as packer demand could surface earlier in the week with Thursday being
Thanksgiving.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
It was a headline sparking day for the cattle complex as the announcement
that New World screwworm had been detected in a cow in Southern Mexico led
APHIS officials to restrict cattle imports from Mexico. This obviously sparked
higher feeder cattle prices as the U.S. is already short on feeder cattle
supplies with its historically low beef cowherd. December corn is down 3/4 cent
per bushel and January soybean meal is up $4.40. The Dow Jones Industrial
Average is up 400.62 points.
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