DTN Closing Livestock Comment 08/08 16:05
8 Aug 2017
DTN Closing Livestock Comment 08/08 16:05 For the Most Part, Cattle Futures Settle Moderately Lower Live and feeder cattle contracts closed mostly lower thanks to follow-through selling and long liquidation. Lean hog futures finished on a mixed basis thanks to inconsistent spreading activity and light profit-taking. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Activity in cattle feeding country was very limited with just a small handful of scattered sales reported in parts of the North (i.e., $115-$116 live; $184-$186 dressed). According to the closing report, the national hog base is $1.05 higher ($72-$82, weighted average $79.78). Corn futures closed 2-3 cents lower as traders remained cautious with the WASDE report waiting in the late-week wings. The stock market closed lower with the Dow off 33 points and the Nasdaq down by 13.