DTN Closing Livestock Comment 09/01 16:39
1 Sep 2017
DTN Closing Livestock Comment 09/01 16:39 Cattle Futures Close Mostly Higher in Slow Pre-Holiday Trade The cattle complex closed moderately higher Friday with the exception of spot October live. Lean hog contracts settled narrowly mixed with a general lack of both buying and selling interest. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle trade was extremely quiet as buyers and sellers seemed more interested in breaking for the long holiday weekend. Week-to-date trade volume totals look no better than mixed, suggesting that some ready cattle will be carried over until Tuesday. The National hog base closed up $0.20 compared with the Prior Day settlement ($58-$64, weighted average $61.95). From Friday to Friday, livestock futures scored the following changes: Oct LC off $1.77; Dec LC off $0.45; Sep FC off $0.20; Oct FC up $0.60; Oct LH off $1.62; Dec LH off $0.90. Corn futures closed 2 cents plus lower, pressured by late-week long-liquidation and profit-taking. The stock market closed higher with the Dow advancing by 39 points and the NASDAQ settling up 6.