DTN Closing Livestock Comment 10/31 16:37
31 Oct 2016
DTN Closing Livestock Comment 10/31 16:37 Livestock Futures Close October With Mixed Prices Lean hog contracts settled higher with most of the buying energy focus on nearby issues. On the other hand, the cattle complex closed mostly lower with triple-digit losses recorded in front live contracts and deferred feeder months. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Marketing activity in feedlot country was limited to the distribution of new showlists. Ready numbers appear to be some larger in the South and some smaller in the North. Overall, the fed offering looks to be about steady with last week. For what it's worth, the Fed Cattle Exchange has a showlist this week totaling 12,666 head, a bit larger than last week and the second largest since the internet auction started in mid-September. According to the closing report, the national hog base is $0.44 lower compared with the Prior Day settlement ($42.00-$46.00, weighted average $44.16). Corn futures finished fractionally lower at the conclusion of featureless session. U.S. equities closed near unchanged an investigation into new Hillary Clinton emails keeping many investors on edge. The Dow closed 18 points lower with the Nasdaq near steady.