DTN Closing Livestock Comment 07/07 16:41
7 Jul 2017
DTN Closing Livestock Comment 07/07 16:41 Cattle Complex Closes Week Narrowly Mixed Live and feeder cattle futures settled on a mixed basis in light trade volume. Lean hog contracts finished modestly higher for the most part, supported by late-week short-covering and cash premiums. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade was generally slow Friday with business limited to scattered sales in parts of the North. Several thousand dressed cattle traded between $188 and $190, steady to $2 higher than Thursday. The national hog base closed off $0.36 compared with the Prior Day settlement ($82-$88.50, weighted average $86.34). From Friday to Friday, livestock futures scored the following changes: Aug LC Off $1.23; Oct LC Off $1.38; Aug FC Off $2.90; Sep FC Off $3.00; Jul LH Up $1.10; Aug LH Off $0.53. Corn futures closed 2 cents higher, supported by forecasts of hot temperatures next week across much of the Midwest. The stock market closed higher with the Dow up 94 and the NASDAQ up 63.