DTN Closing Livestock Comment 10/25 16:48
25 Oct 2017
DTN Closing Livestock Comment 10/25 16:48 Lean Hog Futures Settle Moderately in the Green, Pushing 2018 Issues to New Contract Highs For the most part, hog futures closed with moderate progress, supported by follow-through buying and bull spreading interest. On the other hand, cattle paper settled mixed in the live market and mostly higher in the feeder trade. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Cash cattle traders essentially put in another doing-nothing session. A few bids were noted in parts of the South at $111, $4-$5 below area asking prices. Beyond that, cash potential remain as dead as the city morgue at midnight. According to the closing report, the national hog base is $.31 higher ($59.00-$66.50, weighted average $65.52). Most corn contracts closed just shy of 2 cents lower, drifting south in lackluster volume for no apparent reason. The stock market closed lower with the Dow off 112 points and the Nasdaq down by 34.