DTN Closing Livestock Comment 10/16 16:26
16 Oct 2017
DTN Closing Livestock Comment 10/16 16:26 December Hogs Stage Bullish Debut as Spot Month Nearby lean hog futures closed solidly higher, supported by short-covering and stabilizing fundamentals. At the conclusion of a choppy session, cattle contracts settled mostly lower. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Feedlot country was typically quiet with Monday activity limited to the distribution of new showlists. Ready numbers appear to be generally smaller with only Kansas offering a few more marketable steer and heifers. According to the closing report, the national hog base is .82 higher ($53.00-60.75, weighted average $58.41). Corn futures closed 2-plus cents lower, pressured by forecasts of better harvest weather. The Dow closed at a record higher (22,956), up 85 points. The Nasdaq settled 18 in the green.