DTN Closing Livestock Comment 10/03 15:29

DTN Closing Livestock Comment 10/03 15:29 Strong Support Floods Into Livestock Trade October lean hog futures spent significant time locked in limit-higher trade as traders continue to focus on quickly moving back into the hog complex. Lack of follow-through support limited prices at the end of the session. Cattle trade posted strong market support with the shifts developing around renewed feeder cattle interest. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle markets are generally quiet Tuesday with only a few token bids developing in Kansas at $106 per cwt. Asking prices are generally undeveloped, but it is expected that feeders will start pricing cattle at $110 and higher in the South and $174 to $176 in the North. Active trade is expected to be delayed until later in the week, with Thursday or Friday trade very likely. According to the closing report, the national hog base is $0.97 higher compared with the Prior Day settlement ($46.50-$51.50) weighted average $49.58. The corn futures moved lower in light activity. December futures were 2 cents lower Tuesday. The Dow Jones Index is 75 points higher with the Nasdaq up 8 points.