DTN Closing Livestock Comment 10/31 18:11
31 Oct 2018
DTN Closing Livestock Comment 10/31 18:11 Hog Futures Close Moderately Lower, Pressured by Generous Country Offerings Hog futures closed moderately lower Wednesday, pressured by generous country offerings. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle trade was little more than theoretical Wednesday with bids ranging from $178-$180 on a dressed basis. On the other hand, live bids were reported between $110-$114. Asking prices were noted around $185 in the North and $118-$119 in the South. According to the closing report, the national hog base totaled $0.24 higher at $58.23 ($52-$60). December corn settled 1-2 cents lower, checked by harvest weather and generally bearish yields. The stock market scored another impressive round of recovery with the Dow up 241 points and the Nasdaq better by 144.