DTN Closing Livestock Comment 09/27 15:40

DTN Closing Livestock Comment 09/27 15:40 Cattle Futures See Gains Friday Buyer momentum is catching on throughout the cattle trade with futures posting triple-digit gains. Technical support and increased cash cattle trade at the end of the week sparked the renewed market support. By Rick Kment DTN Analyst GENERAL COMMENTS: Active gains moved into cattle futures Friday afternoon. The continued active commercial interest, combined with technical buying signals developing through the end of the week, sparked widespread market interest. Hog futures eroded in late-week trade as traders focused on the afternoon USDA Hogs and Pigs report. Increased hog inventory is expected to add further weakness to the lean hog complex next week. From Friday to Friday, livestock futures scored the following changes: Oct live cattle, up $5.68; Dec live cattle, up $5.43; Oct feeder cattle, up $4; Nov feeder cattle, up $5.95; Oct lean hogs, up $4.93; and Dec lean hogs, up $3.60. Corn futures slipped slightly in limited late-week trade with December closing down 1 cent. Stock markets tumbled Friday on impeachment talks, with the Dow down 128 points and the NASDAQ down 121 points.