DTN Closing Livestock Comment 04/26 16:02
26 Apr 2018
DTN Closing Livestock Comment 04/26 16:02 Longs Continue to Run From Summer Lean Hog Futures The lean hog board closed significantly lower with spot May through August especially attracting selling interest. Live and feeder cattle futures fell mostly lower with only the spot months finishing in the green. By John Harrington DTN Livestock Analyst GENERAL COMMENTS While a few more bids were tossed on the cattle table (e.g., $121 in the South, $192 in the North), no buyers were willing to show enough powder needed to generate selling interest. Some steers and heifers were priced around $125 live in the South and $200-$203 in the North. According to the closing report, the national hog base is $0.02 higher ($52-$59, weighted average $58.32). Corn futures closed fractionally lower at the conclusion of a listless round of trading. The stock market seemed to reclaim traction Thursday with the Dow closing 238 points and the Nasdaq advanced by 114.