DTN Closing Livestock Comment 09/28 15:59
28 Sep 2018
DTN Closing Livestock Comment 09/28 15:59 Positive Close for Livestock Complex Livestock futures closed with gains; most hog contracts were triple digits higher. By Robin Schmahl DTN Dairy Analyst GENERAL COMMENTS: Friday-to-Friday livestock futures scored the following changes: Oct LC, up $0.38; Dec LC, up $0.40; Oct FC, up $0.10; Nov FC, up $0.25; Oct LH, up $1.87; Dec LH, up $0.52. Light to moderate cash cattle trade has developed in the South with transactions at $111.00, steady with last week. Trade has also developed in Nebraska at $111.00, up $0.50 from last week's weighted average. Limited gains in futures gave no reason for buyers to become very aggressive. Corn futures fell apart after the Quarterly Stocks report, closing 8 1/2 cents lower. The DOW gained 18 points, closing at 26,458 while the NASDAQ gained 4 points closing at 8,046.