DTN Closing Livestock Comment 04/11 16:33
11 Apr 2018
DTN Closing Livestock Comment 04/11 16:33 For the Most Part, Lean Hog Futures Close Moderately Higher With the exception of soon-to-expire April, lean hog contracts settled moderately higher, supported by short-covering and the anticipation of improving fundamentals through the spring and early summer. The cattle complex finished with mixed prices with nearbys generally outperforming deferreds. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Feedlot country was only lightly tested at midweek, but scattered business in parts of the North certainly had a steady/firm undertone (i.e., $117-$118). According to the closing report, the national hog base is $0.95 higher ($43-$49, weighted average $47.50). Corn futures closed several cents lower in slow volume with a general lack of buying interest. The stock market closed lower with the Dow 218 points lower and the Nasdaq down by 25.