DTN Closing Livestock Comment 10/25 17:42
25 Oct 2018
DTN Closing Livestock Comment 10/25 17:42 Cattle Futures Close on a Mixed Basis as Traders Wait for Late-Week Buying Energy Cattle futures closed on a mixed basis Thursday as traders waited for late-week buying energy. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Once again, the cash cattle trade was all about asking prices and bids and little about actual business. Bids of $109 and $174-$175 once again failed to prompt asking prices of $111-$113 and $180 to get the ball rolling. According to the closing report, the national hog base totaled $0.25 lower at $57.60 ($52-$58.50). The corn trade closed 6-7 cents lower, checked by defensive export sales. The stock market recovered with the Dow up 401 points and the Nasdaq better by 209.