DTN Closing Livestock Comment 09/05 15:57

DTN Closing Livestock Comment 09/05 15:57 Hog Futures Led Livestock Markets Higher in Active Trade Triple-digit gains quickly developed across the lean hog futures complex with 2017 contracts holding $2 per cwt gains. This aggressive buyer support quickly spurred cash hog buyer interest to develop and could help to quickly change the market tone through the month of September. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle markets remain quiet Tuesday afternoon with bids and asking prices still undeveloped at this point. Show lists appear to be mixed to generally larger with sharply higher numbers available in Texas and modestly higher in Nebraska. Moderately smaller numbers are reported in Kansas, Iowa and Colorado. It is expected that cattle will be priced near $107 and higher live basis and $168 to $170 dressed, although it may be midweek or later before active trade is seen in all areas. According to the closing report, the national hog base is $0.22 higher compared with the Prior Day settlement ($57.50-$64.50) weighted average $61.89.The corn futures moved higher in light activity. September futures were 4 cents higher Tuesday. The Dow Jones Index is 219 points lower with the Nasdaq down 58 points.