DTN Closing Livestock Comment 12/27 16:00
27 Dec 2016
DTN Closing Livestock Comment 12/27 16:00 Livestock Futures Mixed in Quiet Post-Holiday Trade Strong early pressure through the livestock complex has led to additional buyer support moving into the complex due to lack of market activity. Front-month live cattle futures posted moderate gains, while strong buyer support posted triple-digit gains in the lean hog complex. By Rick Kment DTN Analyst GENERAL COMMENTS: Cash cattle activity remains generally quiet with showlist distribution and inventory the main agenda items following active trade through Tuesday. It is expected that active trade will be delayed until the second half of the week, likely Thursday or Friday. Bids and asking prices are still unavailable and may not develop until late Thursday. According to the closing report, the national hog base is $0.45 lower compared with the Prior Day settlement ($44.50-$53.75, weighted average $51.72). The corn trade settled sharply higher in light trade. March futures posted a 9.25-cent gain Tuesday. The Dow Jones Index is 11 points higher with the Nasdaq up 24 points in very light holiday trade activity.