DTN Closing Livestock Comment 11/11 15:52
   Live Cattle Futures Drop in Volatile Trade Tuesday as Livestock Markets Face
Post-Holiday Hangover

   Mixed trade was seen Tuesday as aggressive market support and buyer momentum
left livestock futures in a holiday-induced hangover. This led to moderate to
wide market swings during the day, leaving live cattle futures firmly lower.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   Light trade was seen through most of the day Tuesday, due in part to
Veterans Day, which kept markets moving in a "yo-yo" fashion through the
session. Nearby feeder cattle futures were able to etch out gains at the
closing bell, while firm losses developed in live cattle contracts. Lean hog
futures remained mixed in limited activity and a generally narrow trading
range. Hog prices closed lower on the Daily Direct Afternoon hog report, down
$1.83 with a weighted average of $82.12 on 1,860 hogs. December corn closed up
2 1/4 at $4.32 and December soybean meal closed down $3.10 at $316.9. The Dow
Jones Industrial Average is up 559.33 at 47,927.96.