DTN Closing Livestock Comment 02/14 17:06
14 Feb 2017
DTN Closing Livestock Comment 02/14 17:06 Meat Futures Explode With Triple-Digit Gains For the most part, lean hog futures closed sharply higher, supported by short covering and new speculative buying. The cattle complex also rolled significantly higher with triple-digit progress virtually dominating the feeder market. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle arena remained absolutely empty with not even token bids or asking prices cluttering the way. Both buyers and sellers were apparently content to await more definite signals of cash potential from the board and/or the wholesale product trade.