DTN Closing Livestock Comment 07/13 16:02
13 Jul 2017
DTN Closing Livestock Comment 07/13 16:02 Feeder Futures Surge Higher Thanks to Breaking Corn Prices The cattle complex closed mixed in the live market and sharply higher in the feeder trade. On the other hand, lean hog futures settled unevenly at the end of a session with lackluster trade volume. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Light-to-moderate trade volume developed in parts of the Northern tier of cattle feeder country with most dressed deals marked at $190, steady with Wednesday but $2 higher than last week. In the same arena, live business was reported at $120, likewise $2 better than the prior week. According to the closing report, the national hog base is $0.06 lower ($82-$88.50, weighted average $86.78). Corn futures imploded by 15 cents plus Thursday, hammered by timely rains covering the central Midwest and moderating temperatures. The stock market higher with the Dow up 20 points and the Nasdaq in the green by 13.