DTN Closing Livestock Comment 10/09 15:17
9 Oct 2017
DTN Closing Livestock Comment 10/09 15:17 Livestock Futures Settle in Mixed Range Light trade is seen Monday as very little activity develops Monday during the Columbus Day holiday. Cattle and hog futures remain stuck in a narrowly mixed trading range with very little direction able to be seen through the complex both fundamentally and technically across the complex. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle trade remains quiet Monday afternoon following undeveloped bids and asking prices early in the week. Show lists are generally mixed across the country following steady to higher cash cattle trade last week. The expectation is that bids will not be evident until the middle of the week with trade seen late in the week. According to the closing report, the national hog base is $1.21 higher compared with the Prior Day settlement ($47.00-$55.00) weighted average $53.44. The corn futures moved lower in light activity. December futures were 1/2 cent lower Monday. The Dow Jones Index is 15 points lower with the Nasdaq down 3 points.