DTN Closing Livestock Comment 11/06 16:28
6 Nov 2017
DTN Closing Livestock Comment 11/06 16:28 Deferred Cattle Futures Recover Late, Allowing Complex to Settle Mixed Live and feeder cattle futures settled on a mixed basis with deferred issues outperforming their nearby counterparts. Lean hog issues closed mostly higher with only spot December ending in the red. By John Harrington DTN Livestock Analyst GENERAL COMMENTS The cash cattle arena was typically quiet with activity limited to the distribution of new showlists. Ready numbers appear to be generally steady with last week. According to the closing report, the national hog base is $1 lower ($56.50-$64.36, weighted average $61.38). The corn trade closed fractionally lower at the end of a spiritless session. The stock market closed at record highs with the Dow up 9 points and the Nasdaq better by 22.