DTN Closing Livestock Comment 05/25 16:13
25 May 2017
DTN Closing Livestock Comment 05/25 16:13 Cattle Paper Recovers With Triple-Digit Gains For the most part, the cattle complex thundered higher Thursday, surging sharply higher thanks to short-covering and ideas of early summer cash stability. Lean hog futures closed moderately higher with summer months setting new contract highs. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Light cattle trading slowly surfaced in parts on the North with dressed sales reported from $208 to $210, $3 to $5 lower than last week's weighted average basis Nebraska. Some live deals in the area were marked at $132 to $132.50, $2 to $2.50 lower. According to the closing report, the national hog base is $1.42 higher ($65.00-73.00, weighted average $71.73). Corn futures settled several cents lower as traders remain essentially stuck in a sideways price range. The stock market firms further with the Dow closing 70 points higher and the Nasdaq improves by 42.