DTN Closing Livestock Comments         11/20 16:08
   Lean Hogs Close the Week with Triple Digit Gains

   Late week fund buying and short covering drove lean hog futures sharply
higher. The belly pit was barely tested with prices closing narrowly mixed. The
cattle complex finished moderately lower, though feeder contracts significantly
outperformed their live counterparts.

By John Harrington
DTN Livestock Analyst

 GENERAL COMMENTS:

   Cattle buyers and sellers called it a week before the day began with very
little trade conversation noted in the late rounds. According to the closing
report, the Iowa hog base price closed .12 higher compared with the prior day
settlement ($44.50-54.00, weighted average $51.62). From Friday to Friday, meat
futures scored the following changes: December LC, up 63; February LC, up 27;
January FC, up 10; March FC, off 3; December LH, up 260; February LH, up 252;
February PB, up 7; March PB, unchanged. Corn futures settled generally 4 cents
lower, pressed by expected harvest progress and a lack of fresh news. For the
week, spot December closed just fractionally higher. Wall Street concluded a
soft week with light selling as investors grew uneasy about a rising dollar and
growing demand for safe havens. The Dow closed 14 points lower with the Nasdaq
in the red by 10.