DTN Closing Livestock Comment 01/23 15:48
23 Jan 2017
DTN Closing Livestock Comment 01/23 15:48 Meat Futures Close Lackluster Trading Session With Mixed Prices Lean hog contracts settled on both sides of unchanged with nearbys generally losing ground to deferred counterparts. The cattle complex finished mostly lower, though general price erosion was not very pronounced. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Feedlot country was typically quiet for a Monday as packers focused exclusively on the collection of new showlists. Ready numbers appear to be mixed, larger in the South and smaller in the North. Generally speaking, the late-month offering appears to be a bit larger than last week. According to the closing report, the national hog base is $0.21 lower ($58.00-65.00, weighted average $62.67). Corn futures closed fractional mixed at the conclusion of a largely featureless trading session. The Dow closed 27 points lower with the Nasdaq off 2.