DTN Closing Livestock Comment 07/30 16:58
30 Jul 2018
DTN Closing Livestock Comment 07/30 16:58 Cattle Paper Opens Week With Moderate Losses For the most part, the cattle complex settled moderately lower with feeders sliding some lower than their live counterparts. Lean hog issues closed mostly higher with the help of tepid short-covering and oversold charts. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Activity in feedlot country was typically limited to the distribution of new showlists. The fed offering looks mixed, smaller in the South, larger in Colorado and about unchanged in Nebraska. According to the closing report, the national hog base is $1.33 lower compared with the Prior Day settlement ($57-$63.50, weighted average $61.07). The corn market closed generally a nickel higher, supported by a mostly dry forecast for major growing areas over the next week. The stock market closed lower with the Dow off 144 points and the Nasdaq down by 107.