DTN Closing Livestock Comment 08/26 16:03

DTN Closing Livestock Comment 08/26 16:03 Cattle Futures Conclude Sorry Week With Triple-Digit Losses The cattle complex settled sharply lower, pressured by long-liquidation, technical selling and fundamental fears. On the other hand, lean hog contracts closed sharply higher, supported by late-week profit-taking and the premium status of cash markets. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: From Friday to Friday livestock futures scored the following Changes: Aug LC, Off $3.20; Oct LC, Off $3.90; Sep FC, Off $3.93; Oct FC, Off $5.25, Oct LH, Off $0.60, Dec LH, Off $0.83. Although the cash cattle trade was lightly tested today, scattered sales reported in parts of the North were significantly lower than Wednesday's test. A limited volume in parts of Nebraska sold in a range between $175 and $179, $3 to $7 lower than the midweek market. For the most part, cash traders remained on the sidelines, content with trade volume generated on Wednesday. According to the closing report, the national hog base is $1.00 lower compared with the Prior Day settlement ($54.50-$62.00, weighted average $60.68). Corn futures closed lower, down 7 1/4 cents in the September and down 8 1/4 cents in the November.