DTN Closing Livestock Comment 05/03 15:19
3 May 2016
DTN Closing Livestock Comment 05/03 15:19 Cattle, Hog Futures Close Higher Live cattle futures closed 52 to 290 higher Tuesday. Feeder cattle contracts were also higher, ranging from 42 to 197 higher. Lean hog futures were steady to 22 higher. By Rick Kment DTN Analyst GENERAL COMMENTS: The cash cattle market remained untested Tuesday. Bids remain elusive and asking prices are equally nebulous. According to the closing report, the national hog base is $0.69 higher compared with the Prior Day settlement ($64.50-72.75, weighted average $70.00). Corn futures were strongly lower, down 12 in May and July contracts and down 10 3/4 in September.