DTN Closing Livestock Comment 04/30 16:22
30 Apr 2018
DTN Closing Livestock Comment 04/30 16:22 Cattle Futures Close Month With Sharp Losses For the most part, triple-digit losses dominated the cattle complex on the last day of April, though selling energy seemed more consistent in the feeder market than in the live trade. On the other hand, lean hog contracts closed on a mixed basis with prices ranging from up 35 to off 75. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Feedlot country was quiet through the day as packers limited efforts to the collection of new showlists. Ready numbers appear to be generally smaller than last week with only Nebraska showing more cattle. According to the closing report, the national hog base is $0.14 higher ($52-$59, weighted average $58.35). Corn futures settled 2-3 cents higher, supported by another round of dry forecasts for Brazil. The stock market closed lower with the Dow off 148 points and the Nasdaq down by 53.