DTN Closing Livestock Comment 01/04 16:39
4 Jan 2018
DTN Closing Livestock Comment 01/04 16:39 Cattle Futures Reverse From Early Session Highs to Close Significantly Lower The cattle complex settled lower with triple-digit losses evident throughout the feeder trade. On the other hand, lean hog issues closed moderately higher for the most part, supported by further signs of a strengthening cash market. By John Harrington DTN Livestock Analyst GENERAL COMMENTS While a few token bids were floating here and there in feedlot country (e.g., $121 in Texas; $193 in Nebraska), some showlists seemed firmly priced at $126-$127 in the South and $200 in the North. According to the closing report, the national hog base is $1.41 higher ($55.50-$64.75), weighted average $61.83). Nearby corn futures closed 2 cents at the conclusion of a quiet and lackluster session. Psyched by further evidence of decent job growth in December, the Dow closed with yet another record (i.e., 25,075, up 152 points). The Nasdaq advanced by 12.