DTN Closing Livestock Comment 09/26 15:44
26 Sep 2018
DTN Closing Livestock Comment 09/26 15:44 Cattle Markets Rally Live and feeder cattle futures posted triple-digit gains as early week pressure was offset by commercial buying support. Lean hog futures have struggled to keep pace, eroding at midweek. By Rick Kment DTN Analyst GENERAL COMMENTS: Packer interest improved Wednesday with bids becoming more evident in all areas. Live bids are from $109 to $110.50 per cwt, while dressed bids are developing at $173 to $174 per cwt. Asking prices are still well above these levels, at $113 to $114 live and $178 and higher dressed. It is likely most trade will be delayed until sometime Thursday or Friday. According to the closing report, the national hog base is $0.30 higher compared with the prior day settlement ($56.00-$64.00) weighted average $63.03. Corn futures are lower in light activity. December futures were 3/4 cent lower. Dow Jones Index is 26 points higher with Nasdaq up 33 points.