DTN Closing Livestock Comment 11/28 16:28
Aggressive Gains Develop Tuesday
Sharp upward market shifts developed in cattle futures Tuesday as traders
quickly and aggressively regained a portion of the losses over the last week.
Aggressive buyer support flooded the cattle markets Tuesday, breaking away
from the sharp and active losses that have developed over the last few trading
sessions. The light holiday trade hovering over the market through the
Thanksgiving break seems to have brought renewed optimism with increased
overall volume as traders get back to work and focus on the upcoming market
activity before the next big holiday of Christmas.
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