DTN Closing Livestock Comment 08/06 16:14
6 Aug 2018
DTN Closing Livestock Comment 08/06 16:14 Livestock Open Week With Generally Moderate Sell-Off The cattle complex closed lower with nearby feeder contracts catching most of the early week bearishness. Lean hog futures continued to slide lower thanks to unrelenting cash weakness and lackluster pork demand. By John Harrington DTN Livestock Analyst GENERAL COMMENTS Cattle buyers limited their early week energy to the collection of new showlists. Ready numbers appear to be mostly lower with only Colorado feedlots putting out a few more finished steers and heifers. According to the closing report, the national hog base is $1.24 lower compared with the Prior Day settlement ($53-$54.50, weighted average $53.20). The corn trade settled a penny plus higher in light trading. The stock market closed higher with the Dow better by 39 points and the Nasdaq up 47.