DTN Closing Livestock Comment 09/28 16:18

DTN Closing Livestock Comment 09/28 16:18 Meat Futures Settle With Mixed Prices The cattle complex closed mixed in the live trade and mostly lower in the feeder market. Lean hog futures also settled with uneven prices tied to light bear-spreading and post-report positioning. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Feedlot country spent a typical Monday distributing new showlists and doing little else. Ready numbers appear to be mixed, larger in the South and smaller in the North. Asking prices were poorly defined in the early rounds with feedlot managers waiting to getting a better read on board and beef prospects. According to the closing report, the Iowa hog base is .24 higher compared with the Prior Day settlement ($60.00-$70.50, weighted average $69.84). Corn futures closed generally 2 cents lower, pressured by open harvest weather and a few early yield reports surpassing expectations. U.S. stocks closed sharply lower Monday as uncertainty about the timing of a rate hike and concerns about global economic growth continued to weigh on psychology. The Dow crashed by 312 points with the Nasdaq off as much as 142.