DTN Closing Livestock Comment 12/09 15:14
9 Dec 2015
DTN Closing Livestock Comment 12/09 15:14 Cattle Futures Down Triple-Digits Again Live cattle futures closed triple-digits lower Wednesday, as did feeder cattle contracts. A couple of feeder months were limit lower. Lean hog futures were mixed. By Rick Kment DTN Analyst GENERAL COMMENTS: Trade is not bustling yet on Wednesday afternoon, although a few sales in Nebraska have been reported at $118 live and $188 dressed. A few in the west were $119. Texas also reported some sales at $119 and Iowa at $188, with a few at $185. According to the closing report, the Iowa hog base is .23 higher compared with the Prior Day settlement ($46.00-$52.75, weighted average $52.42). Corn futures closed up 1/4 cent in the March and down 1/4 cent in the July contract.