DTN Closing Livestock Comment 06/20 15:55
20 Jun 2017
DTN Closing Livestock Comment 06/20 15:55 Cattle Futures Close Mostly Lower, But Significantly Above Early Session Lows The cattle complex settled modestly lower with feeder contracts pressured more than the live counterparts. On the other hand, lean hog futures closed mixed with front months gaining on backs. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade remained essentially untested with beef producers ignoring bids of $122 in the South and $195 in the North. We did hear of a few Northern deals to be delivered in mid-July marked at $193-$195. According to the closing report, the national hog base is $1.26 higher ($80.00-$88.00, weighted average $86.76). The corn market closed 4-5 cents lower, pressured by a yield-friendly seven-day forecast. The stock market closed lower with the Dow off 61 points and the Nasdaq down by 50.