DTN Closing Livestock Comment 10/26 17:36
26 Oct 2018
DTN Closing Livestock Comment 10/26 17:36 Livestock Futures Close Late-Week Market Solidly Higher Livestock futures closed the late-week market solidly higher on Friday. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Light to moderate trade finally surfaced in most areas of cattle feeding country Friday with most ready steers and heifers selling significantly higher. A moderate to active trade developed in most areas Friday morning with live deals ranging from $114 to $115, ($4 higher in Texas, $3 higher in Kansas, and $4 to $5 higher in Nebraska). Dressed deals in the North are at $180, $6 higher than last week's weighted average basis Nebraska. According to the closing report, the national hog base totaled $0.54 lower at $57.06 ($52-$58.50). Corn prices ended with a strong late-week recovery thanks to a better start to 2018-2019 exports, closing 6-7 cents higher. The stock market closed 296 points lower with the Nasdaq off 151.