DTN Closing Livestock Comment 05/22 15:43
22 May 2017
DTN Closing Livestock Comment 05/22 15:43 Cattle Futures Charge Into Pre-Holiday Week The cattle complex closed significantly higher with most deferred contracts nailing triple-digit gains. On the other hand, lean hog issues settled narrowly mixed with August attracting the most buying interest. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Activity in feedlot country was limited to the distribution of new showlists. Generally speaking, ready numbers appear smaller than last week with only Nebraska offering more. According to the closing report, the national hog base is .33 lower ($66.00-71.50, weighted average $70.51). Corn futures closed several cents higher, somewhat supported by weekend rains and delayed planting concerns. The stock market closed higher with the Dow up 90 points and the Nasdaq positive by 49.