DTN Closing Livestock Comment 06/21 15:10
21 Jun 2016
DTN Closing Livestock Comment 06/21 15:10 Feeder Cattle Futures Close Triple-Digits Higher Feeder cattle contracts closed triple-digits higher Tuesday, up 227 to 260. Live cattle contracts were buoyed by their feeder counterparts, closing up 40 to 120. Lean hog contracts closed mixed, up 12 to down 47. By Rick Kment DTN Analyst GENERAL COMMENTS: A few deals have been reported in parts of Kansas at $116 to $117, sharply lower than last week's weighted average of $121.09. Some scattered bids in Nebraska. According to the closing report, the Iowa/Minnesota hog base is $0.75 higher compared with the Prior Day settlement ($73.00-$83.00, weighted average $82.06). Both old-crop July and New-crop December corn futures closed down the 25-cent limit.