DTN Closing Livestock Comment 03/06 15:35
6 Mar 2018
DTN Closing Livestock Comment 03/06 15:35 Mixed Trade Keeps Livestock Futures Unsettled Despite early action in cattle and hog futures, Tuesday's trade turned into a mixed bag of indirection and lack of traders' focus. Prices in all markets remained mixed with prices shifting higher and lower through the session. By Rick Kment DTN Staff Reporter GENERAL COMMENTS Cash cattle trade is inactive at this point and likely will be delayed until the second half of the week. Bids are more evident in all areas with live bids consistently seen at $126 per cwt, while dressed bids are hovering near $202 per cwt. Some asking prices are seen in the South at $128 and higher, while Northern asking prices are still hard to pinpoint due to feeders not yet publicly setting their expectations. According to the closing report, the national hog base is $0.16 higher compared with the prior day settlement ($56.00-$63.50) weighted average $62.51. Corn futures are higher in light activity. March futures were 2 cents higher Tuesday. The Dow Jones Index is 38 points higher with the Nasdaq up 52 points.