DTN Closing Livestock Comment 01/29 16:17
29 Jan 2018
DTN Closing Livestock Comment 01/29 16:17 Beef Futures Settle Mostly Higher Thanks to Stronger Cash News Cattle contracts closed higher Monday, though only spot February attracted significant buying interest. Lean hog issues settled on a mixed basis in generally light volume. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Activity in feedlot country at the top of the week was limited to the distribution of new showlists. Ready numbers appear to be mixed, larger in the North and smaller in the South. Overall, the late-month offering looks somewhat smaller .09 higher ($62.00-70.00), weighted average $69.23). The corn market finished generally 2 cents higher, supported by hot and dry conditions anticipated for Argentina. The stock market closed lower with the Dow off 177 points and the Nasdaq down by 39.