DTN Closing Livestock Comment 02/13 16:21
13 Feb 2017
DTN Closing Livestock Comment 02/13 16:21 Cattle Start New Week Still on Defensive Live and feeder futures closed solidly lower with deferreds losing more ground the deferreds. For the most part, lean hog contracts settled in the red with soon-to-be-spot April catching most of the bearish heat. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle trade typically got off to a slow start with buyers exclusively focusing on the collection of new showlists. Ready numbers seem to be generally larger than last week with only Nebraska offering a few less steers and heifers. Neither bids nor asking prices were well defined. According to the closing report, the national hog base is 0.40 higher ($66.00-73.50, weighted average $71.12). Corn futures closed modestly higher, somewhat supported by friendly export inspections. The stock market enjoyed another record session with the Dow closing 142 points higher with the Nasdaq better by 29.