DTN Closing Livestock Comment 12/24 14:43
24 Dec 2018
DTN Closing Livestock Comment 12/24 14:43 Lean Hog Futures Settle Lower in Holiday-Shortened Session Hog contracts closed in the red thanks to slow long liquidation and a general lack of pre-holiday buying interest. The cattle complex settled mostly higher at the conclusion of an abbreviated trading session devoid of consistent features. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Between Monday's abbreviated session and the government shutdown, most closing reports from USDA were not available. New showlists distributed just before the Christmas break look mixed, smaller in Texas and Colorado, larger in Kansas, and about steady in Nebraska. Due to the holiday, the closing national hog base is not available. Corn futures closed fractionally lower in extremely light trading. On one hand, outside markets exerted bearish influence while parts of the federal government remains unfunded. Wall Street continued to crash big time, putting in the worst Christmas Eve ever. The Dow closed 653 points lower with the Nasdaq off 140.