DTN Closing Livestock Comment 12/08 16:00
Friday Moves Record Active Gains
The combination of late-week short covering, light trade and a neutral to
friendly WASDE report helped to push livestock future higher Friday afternoon.
Triple-digit gains seen in most contracts is helping to end the week on a
positive note, creating some stability going into next week's trade.
From Friday to Friday, livestock futures scored the following changes:
December Live cattle off $3.82, February Live cattle off $3.40; January Feeder
cattle up $0.88, March Feeder cattle off $1.15; December Lean hogs off $0.17,
February Lean hogs off $1.12; December Pork cutout up $0.70, December Pork
cutout up $0.70.
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