DTN Closing Livestock Comment 09/17 15:18
17 Sep 2018
DTN Closing Livestock Comment 09/17 15:18 Mixed Cattle Trade Monday Following the sharp market rally seen Friday, trade Monday seemed generally sluggish with prices mixed through the complex. Cattle markets are mixed to mostly higher, but any sense of support limited buyer support and minimized any gains. By Rick Kment DTN Analyst GENERAL COMMENTS Cash cattle activity remains sluggish Monday afternoon with bids and asking prices still undeveloped. It is likely that cash market interest may not become active until midweek or later. Although cash market trade remained sluggish last week, formulated sales increased. Generally, show lists seen Monday are mixed to mostly larger than the previous week. According to the closing report, the national hog base is $1.80 higher compared with the Prior Day settlement ($43.00 to $54.00) weighted average $50.59. Corn futures are lower in light activity. September futures were 3 3/4 cents lower Monday. Dow Jones Index is 98 points lower with Nasdaq down 104 points.