DTN Closing Livestock Comment 03/14 16:21
14 Mar 2018
DTN Closing Livestock Comment 03/14 16:21 Meat Futures Land Midweek Recovery The cattle complex closed generally higher, yet all live and feeder contracts settled well below session highs. With the exception of spot April, lean hog issues settled solidly higher thanks to short-covering and the correction of oversold charts. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade was very quiet at midweek following moderate biz reported on Tuesday. A few scattered sales were reported in parts of the North ($128/$207). According to the closing report, the national hog base is $0.52 lower ($54-$60, weighted average $59.06). Corn futures closed 2-3 cents lower, pressured by sharp losses in the bean trade. The stock market closed lower on further trade war worries. The Dow closed 248 points lower with the Nasdaq off 14.