DTN Closing Livestock Comment 10/08 17:14
8 Oct 2018
DTN Closing Livestock Comment 10/08 17:14 For the Most Part, Cattle Futures Closes Moderately Higher Though spot October feeder futures settled marginally lower, most cattle issues finished some higher in light volume. Lean hog contracts also settle moderately higher, supported somewhat by firming cash sales. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle trade was limited to the distribution of new showlists. Ready numbers appear to be about steady with last week. According to the closing report, the national hog base is $.09 lower ($63.00 to $71.00), weighted average $78.93). December corn faltered by 1 to 2 cents, oblivious to the impact of heavy rains. The stock marlet closed on a mixed basis with the Dow up 39 points and the Nasdaq down by 52.