DTN Closing Livestock Comment 06/21 16:30
21 Jun 2017
DTN Closing Livestock Comment 06/21 16:30 Nearby Lean Hog Futures Close Well Supported With Another New High for July Contract Lean hog futures settled mostly higher with July and August attracting the most buying interest. The cattle complex finished mixed with live issues lower and feeder contracts higher. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Light to moderate cash activity surfaced in most feeding areas as some producers reluctantly accepted another round of sharply lower bids. Live biz in the South was marked at $122-123, $8 to $9 lower than last week. Dressed deals in the North ranged from $196 to $198, $9 to $10 lower than last week's weighted average basis Nebraska. According to the closing report, the national hog base is .07 higher ($82.00-89.00, weighted average $86.03). Corn futures settled a penny plus lower, pressured late by spillover selling from the bean market. The stock market closed on a mixed basis, up 45 points on the Nasdaq and off 57 on the Dow. `