DTN Closing Livestock Comment 02/05 15:06
5 Feb 2018
DTN Closing Livestock Comment 02/05 15:06 Cattle Futures Lead Complex Lower Moderate-to-strong pressure developed across the live cattle and feeder cattle markets Monday afternoon. This softness started to take into account the pressure developing in outside markets over the last couple of trading sessions. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle activity remains at a standstill Monday following mixed showlist distribution. Offered cattle are higher across the South and steady to lower in the North. Bids and asking prices are not likely to be seen until midweek or later. But activity last week shows that early trade and interest is possible. According to the closing report, the national hog base is $0.05 lower compared with the Prior Day settlement ($63-$73.50) weighted average $72.63. Corn futures are lower in light activity. March futures were 2 cents lower Monday. The Dow Jones Index is 463 points lower with the Nasdaq down 85 points.