DTN Closing Livestock Comment 09/26 16:00
26 Sep 2017
DTN Closing Livestock Comment 09/26 16:00 Meat Futures Settle With Mixed Results The cattle complex closed Tuesday on a mixed basis with nearby issues generally losing ground to deferreds. Lean hog contracts settled mostly higher, though spot October faltered by as much as 107 points. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Feedlot country remained generally quiet with just a few preliminary bids noted here and there (i.e., $104 in the South; $168-$169 in the North). Asking prices were few and far between as the defensive board probably discouraged producers from price ready cattle prematurely. According to the closing report, the national hog base is $0.15 lower ($43-$48.75, weighted average $47.59). The corn market closed a penny plus lower as the listless market remained stuck in a narrow trading range. The stock market closed mixed with the Dow off 11 points and the Nasdaq up 9.