DTN Closing Livestock Comment 11/15 16:04
15 Nov 2018
DTN Closing Livestock Comment 11/15 16:04 For the Most Part, Livestock Futures Close Moderately Higher Most cattle issues settled moderately higher as the cash waiting game continued. Lean hog contracts also finished primarily in the green with 2019 issues leaping ahead of nearbys. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle trade saw some improvement in bids through the day, but certainly not enough to tempt higher asking prices. Southern buyers reached as high as $110-$113, but well short of asking prices around $116-$117. Some dressed bids in the North were clocked as high as $176, but still far shy of askings near $178-$180. According to the closing report, the national hog base is $0.30 higher compared with the Prior Day settlement ($46-$52.44, weighted average $52.65). Corn futures settled fractionally higher, supported by higher bean prices and signs of encouraging U.S.-China trade talks ahead of the G-20 meeting in Buenos Aires. Wall Street bounced higher with the Dow recovering by 208 points and the Nasdaq improving by 1.