DTN Closing Livestock Comment 12/01 13:44
   Cattle Futures Erode Thursday

   Cattle futures took a step back Thursday as buyer support quickly eroded,
pulling back from the gains over the past two sessions. End-of-month position
squaring created some additional concerns that markets may find additional
gains challenging.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   Strong, triple-digit losses swept through live cattle and feeder cattle
trade Thursday as all contracts quickly pulled back from the past two days of
higher moving markets. Both markets remain firmly rooted above lows set early
in the week, but the lack of support on the last day of November is creating
additional concerns that prices could remain stuck in the current but weak
price pattern for the foreseeable future.