Livestock Recap for 11/30/11

Novembro 30, 2011 em Pecuária por Kyle Sheehan

LIVESTOCK RECAP FOR Quarta-feira, Novembro 30, 11

LIVE CATTLE…                    +1.15              123.60

LIVE HOGS…                         +.375              91.575

FEED CATTLE…                   +1.20              146.025

            Positive consumer news out of the United States and global economic news from Europe and China gave hope to high demand. That news coupled with winter storm news in which up eight inches of snow could be destined for the feedlot region, sent livestock prices rising throughout the session.

News that China could also be putting more cash out into the market also helped with upward prices, as China has been an active US Pork buyer and looks to continue to be through the first month of the new year.

OUTLOOK FOR TOMORROW 

            Look for possible weather corrections or updated forecasts for the feedlot region, as concerns of early winter storms effecting could drive up prices.