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DTN Closing Livestock Comment 11/15 16:18
   Livestock Markets Close Mixed Friday

   Even though nearby live cattle contracts cashed out the day with slight
gains and feeder cattle contracts closed mostly higher, it would appear that
the board is running out of gas.

By ShayLe Stewart
DTN Livestock Analyst


   During Thursday's closing comments we looked towards Friday in hopes that
answers would surface -- answers helping traders and cattlemen understand where
the board is bound to land, or even bigger than that, what general direction
can be assumed here for the next little while. And even though nearby live
cattle contracts took home 2- to 5-cent gains, the bell has whistled, the
markets closed, a topping pattern is surfacing and steady prices are likely to
be home for a while. Hog prices are higher on the National Direct Afternoon Hog
Report, up $0.54 with a weighted average of $42.73. December corn is down 4 1/2
cents per bushel and December soybean meal is up $4.00. The Dow Jones
Industrial Average is up 222.93 points and NASDAQ is up 61.81 points.
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