DTN Closing Livestock Comment 12/21 17:13
21 Dec 2017
DTN Closing Livestock Comment 12/21 17:13 Futures Shift Higher in Light Trade Light-to-moderate support trickled into the complex through the session Thursday with buyers adding to the support seen in lean hog futures and bouncing back from recent sharp losses in cattle trade. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle markets saw very light trade Thursday afternoon with the majority of trade seen Wednesday afternoon. Cash prices appear to be essentially set with afternoon trade seen in the same ranges as earlier in the week. This activity was seen from 50 cents to $2 per hundredweight (cwt) higher than last week's price levels. According to the closing report, the national hog base is $0.15 lower compared with the Prior Day settlement ($50-$57.20, weighted average $55.83). Corn futures moved higher in light activity with March futures 2 cents higher. The Dow Jones Index finished 89 points higher with the Nasdaq up 18 points.