DTN Closing Livestock Comment 09/07 15:30

DTN Closing Livestock Comment 09/07 15:30 Cattle Futures Firm Friday Moderate-to-strong buyer support in the cattle trade late Friday helped to offset the lack of direction seen through most of the holiday-shortened week. Hog markets closed mixed after posting firm losses most of the session. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle trade started to trickle in through the afternoon Friday. Light trade has developed in the North with prices at $107 to $107.50 per hundredweight (cwt) live and $168 to $170 per cwt dressed. Most sales were seen at $107 live and $170 per cwt dressed. Southern trade is developing with limited deals seen at this point at $108 per cwt. Additional trade was expected through late afternoon or the evening Friday, but generally, prices were steady to $1 per cwt higher than last week's levels. According to the closing report, the national hog base was $3.07 higher compared with the Prior Day settlement ($36-$44.50, weighted average $41.34). Corn futures are higher in light activity. September futures were 3/4 cent higher Friday. The Dow Jones Index is 61 points lower with the Nasdaq down 17 points.