DTN Closing Livestock Comment 09/15 15:59
15 Sep 2017
DTN Closing Livestock Comment 09/15 15:59 Meat Futures Close Week With Solid Gains At the conclusion of a choppy session, the cattle complex landed impressive progress thanks to late short-covering and cash optimism. Lean hog futures also discovered a cache of late-week buying energy with Oct-May advancing by triple digits. By John Harrington DTN Livestock Analyst GENERAL COMMENTS As of this writing, the last-minute cash cattle trade still looks very limited. Light-to-moderate trade volume has been reported in parts of Nebraska and Iowa (i.e., $166-$166.50 dressed/$106 live), but the lion's share of trading still waits to be born. Most showlists continue to be priced around $108 in the South and $170 in the North. According to the closing report, the national hog base is $0.80 lower ($49-$54, weighted average $52.95). The corn market finished fractionally higher in light volume. Closing at record levels, the Dow settled at 22,267, up 64 points. The Nasdaq advanced to 6,448, better by 19.