DTN Closing Livestock Comment 06/27 16:08
27 Jun 2018
DTN Closing Livestock Comment 06/27 16:08 Cattle Futures Close Mixed, But Well Above Session Lows The cattle complex settled with uneven prices, supported late by short-covering and profit-taking. Lean hog contracts also closed mixed with nearbys out preforming deferreds. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Light to moderate trading developed in several cattle feeding states with the best test evident in Nebraska and Kansas. Most live deals were marked at $106, generally $2 lower. The national hog base closed off $1.04 compared with the prior day settlement ($70-$78, weighted average $77.03). Corn futures settled virtually unchanged as traders cautiously positioned before Friday's stocks and acreage reports. The stock market reversed from early gains, closing 165 points lower basis the Dow, and 116 lower basis the Nasdaq.