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DTN Closing Livestock Comment 11/30 16:32
   Cattle Futures Spanked Hard After Long Holiday Weekend

   Live and feeder futures slumped significantly lower on the close, pressured
by long liquidation and disappointing packer appetites. On the other hand, lean
hog contracts settled on a mixed basis with nearby issues closing lower and
deferreds moving higher.

By John Harrington
DTN Livestock Analyst


   Activity in feedlot country was limited to the distribution of new
showlists. The offering appears to be generally larger, especially in the
South. Asking prices were poorly defined. According to the closing report, the
Iowa hog base is .73 higher compared with the Prior Day settlement
($47.00-$52.75, weighted average $52.28). The corn market closed generally a
nickel higher thanks to commercial buying and technical support. U.S. stocks
closed lower as investors focused on retail results and readied for key data
and central bank comments later in the week. The Dow closed 78 points lower
with the Nasdaq off 18.
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