DTN Closing Livestock Comment 11/06 16:01
6 Nov 2018
DTN Closing Livestock Comment 11/06 16:01 Hog Futures Tumble Tuesday Limit losses develop in front-month lean hog futures, adding to the already weak market tone through the session. This may spark some additional underlying weakness through the rest of the week in most livestock trade. By Rick Kment DTN Analyst GENERAL COMMENTS: Cash cattle trade remains generally quiet with just a few token dressed bids of $180 per cwt. More activity should develop from packers in the next couple of days. Asking prices are $118 live and $185-plus dressed. Active trade may not develop until the second half of the week. According to the closing report, the national hog base is $0.55 lower compared with the prior day settlement ($51.00-$57.00) weighted average $55.80. Corn futures are lower in light activity. December futures were 3/4 cent lower. Dow Jones Index is 110 points higher with Nasdaq up 26 points.