DTN Closing Livestock Comment 09/11 15:24

DTN Closing Livestock Comments 08/19 16:13 Discounted Live Hog Futures Stage Late-Week Rally Lean hog futures closed with triple-digit gains, supported by short-covering, profit-taking, and cash premiums. The cattle complex settled moderately higher as traders positioned before the release of the Aug. 1 Cattle on Feed report. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: From Friday to Friday, meat futures scored the following changes: August LC, off 360; October LC, off 495; August FC, off 255; September LC, off 372; October LH, off 110; December LH, off 133. For the week, spot September corn 9 1/4 cents. The cash cattle trade was not tested Friday, following a moderate to active business generated on Thursday. Showlists could be somewhat larger next week given more carryover cattle. According to the closing report, the Iowa hog base closed $2.02 higher compared with the Prior Day settlement ($90.00-$103.01, weighted average $100.06). The corn market regained Thursday's losses, closing up 12 cents. The stock market closed lower for a fourth straight week on recession fears. The Dow fell 173 points and the Nasdaq dropped 39.