DTN Closing Livestock Comment 08/30 17:31
30 Aug 2018
DTN Closing Livestock Comment 08/30 17:31 Lean Hog Futures Stumbled Lower With Spot October Slumping Under 50 Hog contracts settled significantly lower with 2018 issues generally failing to 2019 months. The cattle complex closed moderately higher, supported by higher cut-outs and ideas of cash stability. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Some cattle bids improved a bit late in the day (i.e., $107 live), but that's as close as the country got to doing any business. Asking prices remained firm at $111 to $112 in the South and $175 plus in the North. According to the closing report, the national hog base is $.12 lower compared with the prior day settlement ($33.00-$37.00, weighted average $36.70). Corn futures settled fractionally mixed at the conclusion of a session of listless trading. The stock market closed lower with the Dow off 137 points and the Nasdaq down by 21 points.