DTN Closing Livestock Comment 01/11 17:05
11 Jan 2018
DTN Closing Livestock Comment 01/11 17:05 NAFTA Worries Cause Hog Futures to Suffer Triple-Digit Losses Lean hog futures closed sharply lower with selling tied to nervousness over the future of NAFTA and long liquidation. Live and feeder futures settled on a mixed basis with feeders losing ground to their live counterparts. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade was generally quiet with just scattered clean-up deals reported here and there (e.g., $120 in Kansas; $190-$191 in Nebraska and Iowa). According to the closing report, the national hog base is $0.09 lower ($63-$71, weighted average $67.64). The corn trade closed virtually flat as traders cautiously anticipated new S&D tables due out Friday, as well as the Dec. 1 stocks report. Wall Street closed significantly higher with the Dow up 205 points and the Nasdaq better by 58.