DTN Closing Livestock Comment 09/05 16:22
5 Sep 2018
DTN Closing Livestock Comment 09/05 16:22 Limited Interest Seen Wednesday Prices remained choppy through most of the midweek session. Mixed trade was seen in most contracts as traders try to adjust markets following previous market shifts last week and Tuesday. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle activity remains sluggish with just a few token bids developing in the North through the afternoon Wednesday. Bids of $170 per hundredweight dressed basis have developed, but are still well below asking prices, and at this point, are unlikely to gain much interest. Trade is expected to be delayed until sometime Thursday or Friday, with Friday becoming a strong possibility. According to the closing report, the national hog base is $0.45 higher compared with the Prior Day settlement ($34-$39, weighted average $37.30). Corn futures are lower in light activity with the September contract 2 cents lower Wednesday. The Dow Jones Index is 4 points higher with the Nasdaq down 91 points.