DTN Closing Livestock Comment 09/10 15:35
10 Sep 2018
DTN Closing Livestock Comment 09/10 15:35 Early Hog Gains Evaporate Firm pressure swept through most lean hog futures in the late minutes of trade Monday. Limited trade volume has increased concern that additional volatility may quickly develop. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle trade remains undefined with bids and asking prices undeveloped early in the week. Showlists appear mixed with increased offerings in Texas, while Kansas and Colorado are showing smaller listings. Nebraska seems to be generally steady with last week's offerings. Trade is likely to be pushed off until the last half of the week once again with active bids and asking prices potentially not seen until Wednesday or later. According to the closing report, the national hog base is $1.68 higher compared with the prior day settlement ($38.00-$46.50) weighted average $43.08. Corn futures are higher in light activity. September futures were 1 1/4 cent higher Monday. Dow Jones Index is 37 points lower with Nasdaq up 21 points.