DTN Closing Livestock Comment 12/13 16:40
13 Dec 2018
DTN Closing Livestock Comment 12/13 16:40 Feeder Cattle Gains More Ground on Live Counterparts The cattle complex settled mostly higher with feeder issues gaining more ground on their live counterparts. On the other hand, lean hog futures closed lower for the most part, worried by large board premiums and the adequacy of late year pork demand. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Feedlot country was certainly colored by more bids and asking prices Thursday, but that didn't mean much in terms of actual trade volume. Live bids in the South were mostly $115, $5 to $7 below common asking prices. Dressed bids in the North ranged from $185 to $187, also $5 to $7 short of area pricing. According to the closing report, the national hog base is unchanged compared with the Prior Day settlement ($42 to $47.50, weighted average $46.42). March corn ended down a penny, holding steady in a narrow range this month and staying below resistance at $3.90. Equities closed mixed with the Dow up 70 points and the Nasdaq down by 27.