DTN Closing Livestock Comment 09/21 15:59
21 Sep 2017
DTN Closing Livestock Comment 09/21 15:59 Lean Hog Futures Resume Early Fall Meltdown Hog futures closed sharply lower in the first four contracts, hammered by bearish fundamentals and active bear-spreading. Cattle contracts settled mixed with nearbys losing ground to deferreds. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Although a few Northern cattle buyers left some bids of the table (e.g., $104/$165-$168) here and there, for the most part, feedlot country remained as a closed library. Some asking prices were reported at $110 in the South and $172-$174 in the North. According to the closing report, the national hog base is $1.12 lower ($45-$51.50, weighted average $49.09). Corn futures closed fractionally higher at the conclusion of a boring and featureless session. The stock market closed lower with the Dow off 53 points and the Nasdaq down by 33.