DTN Closing Livestock Comment 12/30 15:16
30 Dec 2015
DTN Closing Livestock Comment 12/30 15:16 Cattle Futures Close Higher Live and feeder cattle futures closed triple-digits higher Wednesday as strength in the cash markets supported both. Lean hog futures closed mixed, but mostly lower. By Rick Kment DTN Analyst GENERAL COMMENTS: At midday moderate cash trade was noted with prices sharply higher than last week. Dressed sales in Nebraska were mostly $12 higher than last week's weighted average, $212. Live sales in the South are ranging from $133 to $135. According to the closing report, the Iowa hog base is $1.32 higher compared with the Prior Day settlement ($45.00-$50.50, weighted average $49.65). Corn futures closed down 3 1/2 cents in the March contract and down 3 1/2 cents in the July.