DTN Closing Livestock Comment 06/26 15:52
26 Jun 2018
DTN Closing Livestock Comment 06/26 15:52 Hog Futures Largely Recover From Monday Stumble Lean hog futures settled significantly higher with renewed buying interest especially evident in nearby contracts. The cattle complex settled mixed in the live market and moderately higher in the feeder trade. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Feedlot country remained dead still through the day with very few bids and asking prices reported. According to the closing report, the national hog base is $1.32 lower ($71-$79.04, weighted average $78.08). Generally speaking, corn futures closed 1-2 cents higher thanks to rather modest short-covering in the wake of Monday's price implosion. Grain trading could turn lackluster over the next few days as specs and commercials await Friday's USDA Acreage and Grain Stocks reports. The stock market closed higher with the Dow up 30 points and the Nasdaq better by 29.