DTN Closing Livestock Comment 05/10 16:51
10 May 2017
DTN Closing Livestock Comment 05/10 16:51 Livestock Futures Close Mixed at Midweek The cattle complex settled on a mixed basis with nearby issues generally losing ground to their deferred counterparts. Lean hog futures also closed with uneven prices tied in part to light bear spreading and profit-taking. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Light-to-moderate trade volume surfaced in the southern tier of cattle feeding country with live sales marked at $138, generally $7 lower than last week's market. Business in the North was limited to a few scattered sales of $224 dressed and $138 live. According to the closing report, the national hog base is $2.37 higher ($63.00-$71.50, weighted average $69.36). Corn futures jumped 6-7 cents higher, supported by smaller-than-expected world ending stocks estimated by USDA. The stock market closed mixed with the Dow off 32 points and the Nasdaq up 8.