DTN Closing Livestock Comment 05/29 16:39
29 May 2018
DTN Closing Livestock Comment 05/29 16:39 Summer Hog Futures Roar Back From Holiday Lean hog contracts closed sharply higher with nearby issues surging ahead of their deferred counterparts. The cattle complex settled significantly lower in the live market and mixed in the feeder trade. By Rick Kment DTN Analyst GENERAL COMMENTS Off to a holiday-delayed start, feedlot country restricted efforts to the distribution of new showlists. Ready numbers appear to be generally larger than last week, especially in Nebraska and Kansas. According to the closing report, the national hog base is $.51 higher ($58.00 to $67.00, weighted average $65.59). The corn market broke as much as 6 cents Tuesday, pressure by rain in the forecast for major growing areas this week and some commercial selling. The stock market closed lower with the Dow off 391 points and the Nasdaq down by 37.