DTN Closing Livestock Comment 07/31 15:55

DTN Closing Livestock Comment 07/31 15:55 July Ends With Hogs Limit Lower Continued weakness was seen throughout the livestock trade Wednesday with traders focusing on the bearish market. No details surfacing from the recent U.S. trade talks in China has fueled continued liquidation. By Rick Kment DTN Analyst GENERAL COMMENTS: Wide-ranging losses were seen throughout the livestock trade Wednesday with nearby cattle futures ending down $1 to $1.60 per cwt. Hog futures stumbled lower with October through February contracts closing down the $3-per-cwt limit. Hope that renewed support will develop Thursday due to the start of a fresh month may not be enough to stabilize the market. Cash cattle activity was starting to trickle into the market Wednesday with light activity reported in Texas at $111 per cwt, while Northern trade has been reported at $114 live and $182 to $185 per cwt dressed. Additional trade is expected in all areas, though it may be delayed until Thursday or Friday. Asking prices are seen at $114 and higher in the South, while dressed trade is seen at $186 to $187 per cwt in the North. The National Daily Direct afternoon hog report was $2.18 lower ($70-$85, weighted average $80.30) on 10,153 head sold. Corn futures moved lower in moderate trade with September down 11 cents per bushel. The Dow Jones Index was 328 points lower with the NASDAQ down 98 points.