DTN Closing Livestock Comment 01/22 16:03
22 Jan 2018
DTN Closing Livestock Comment 01/22 16:03 Live Cattle Futures Open Week With Significant Advance The cattle complex closed substantially higher for the most part, though live contracts attracted more selling interest than their feeder counterparts. Lean hog issues settled moderately lower in light trade volume. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Activity in cattle feeding country was limited to the distribution of showlists. Ready numbers look smaller in all states except Texas. According to the closing report, the national hog base is $0.44 higher ($62-$70, weighted average $69.87). Corn futures closed mostly flat with fractional softness noted on the front end. Equities closed higher, somewhat supported by the end of the government shutdown. The Dow settled 142 points higher with the Nasdaq positive by 71.