# Market Closes - November 7, 2017 - Kentucky Farm Bureau

> CBOT futures closed mixed ahead of USDA reports, with soybeans supported by private analysts trimming South American crop estimates due to La Nina weather. Cattle and hog futures closed lower on weak cash prices, and spec funds remained long soybeans and short corn and wheat.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10555-market-closes-november-7-2017-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Trimmed South American soybean forecasts tighten export supply and support soybean and meal prices, while weak hog and cattle cash markets pressure livestock sentiment.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-november-7-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.