DTN Closing Livestock Comment 12/04 15:26
4 Dec 2018
DTN Closing Livestock Comment 12/04 15:26 Cattle Futures Rally Moderate to strong support swept back through live cattle futures Tuesday with nearby contracts holding triple-digit gains. This pulled back from market uncertainty Monday as hog futures and outside markets posted price pressure. By Rick Kment DTN Analyst GENERAL COMMENTS: Active trade developed in livestock futures Tuesday Losses developed through the lean hog contracts, with December posting triple-digit losses. Moderate to strong gains were seen in cattle futures with nearby February live cattle leading the rally. Corn futures are higher in light activity. March futures were 2 cents higher. Dow Jones Index is 605 points lower with Nasdaq down 205 points.