DTN Closing Livestock Comment 09/25 16:20
25 Sep 2017
DTN Closing Livestock Comment 09/25 16:20 Lean Hog Futures Resume Early Fall Meltdown The cattle complex started the new week in a state of collapse with triple-digit losses throughout both markets. At the same time, lean hog futures settled on a mixed basis with nearbys higher and deferreds lower. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The distribution of new showlists was about the sole order in business in feedlot country Monday. Ready numbers appeared to be about unchanged in the South and mixed in the North. Overall, the offering looks about steady with last week. According to the closing report, the national hog base is .74 lower ($44.00-49.00, weighted average $47.775). The corn trade closed fractionally higher as the calendar edges toward serious combine work. The stock market settled lower with the Dow off 53 points and the Nasdaq down by 56.