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DTN Closing Livestock Comment 11/25 16:02
   Feeder Futures Knocked Hard for Second Consecutive Session

   Cattle contracts closed mixed in the live pit and significantly lower again
in the feeder market. Lean hog futures settled moderately lower for the most
part, pressured by profit taking and long liquidation.

By John Harrington
DTN Livestock Analyst


   Feedlot country remained extremely quiet Tuesday with bids and asking prices
poorly defined. A few showlists were priced around $175 in the South and
$272-$274 in the North. According to the closing report, the Iowa hog base
closed $0.67 higher compared with the Prior Day settlement ($77.00-$88.00,
weighted average $87.28). The corn market bounced higher with most contracts
closing 6-7 cents higher. The stock market finished little changed Tuesday as
data had the economy growing more than previously forecast in the third quarter
(i.e., up 3.9%), offsetting an unexpected drop in consumer confidence in
November. The Dow closed off 2 points with the Nasdaq up 3.
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