DTN Closing Livestock Comment 10/09 17:32
9 Oct 2018
DTN Closing Livestock Comment 10/09 17:32 The Cattle Complex Closed Lower Thanks to Cash Uncertainty Live and feeder contracts pulled lower thanks to uncertain fundamentals. Similarly, lean hog issues closed mostly lower as traders consider fourth quarter cash potential. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle trade remained a non-event with neither side showing much showing much determined direction. The national lean hog base closed $.08 higher at $63.45 (receipts totaled 16,062 in a range between $58 and $65.25). Corn futures lost close to 2 cents with December continuing to respect resistance around $3.70. The stock market closed mixed with the Dow up 56 points and the Nasdaq off by 2.