DTN Closing Livestock Comment 11/29 16:03

DTN Closing Livestock Comment 11/29 16:03
   Livestock Futures Continue Higher

   Moderate to firm gains developed in all livestock trade Wednesday, as
spillover buying from Tuesday's market rally helped to solidify the upward
movement in cattle and hog futures this week.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   Even though cattle prices pulled back from session highs Wednesday, and
didn't show the market optimism seen Tuesday, the focus on digging the market
out of the price hole seen over the last week has helped to bring additional
buyer support to all markets, which previously was content waiting on the
sidelines.