DTN Closing Livestock Comment 03/26 16:53
26 Mar 2018
DTN Closing Livestock Comment 03/26 16:53 Cattle Futures Continue in Freefall Live and feeder contracts closed sharply lower once again, pressured by long liquidation, technical-selling and larger-than-expected February placement activity. For the most part, lean hog futures settled moderately lower, though well off the highs of the day. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Early week cash activity was typically quiet with efforts on both sides limited to the distribution of showlists. The new offering appears to be mixed, larger in the South and smaller in the North. Overall, ready numbers appear to be somewhat larger. According to the closing report, the national hog base is $1.48 lower ($48-52.50, weighted average $51.56). The corn market closed generally 3 cents lower, disappointed by weekly export inspections. The stock market recovered Monday, supported by easing trade-war talk. The Dow closed 669 points higher with the Nasdaq better by 227.