DTN Closing Livestock Comment 12/10 15:55

DTN Closing Livestock Comment 12/10 15:55 Cattle Complex Settles Mixed With Feeder Issues Higher and Live Contracts Lower Live and feeder issues moved toward midmonth with mixed price action as the former lost ground to the latter. Lean hog futures also settled on a mixed basis with spot December reclaiming some price territory formerly lost to 2019 contracts. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: Feedlot country was typically quiet to start the week with packers focusing on the distribution of new showlists. Ready numbers are mixed, larger in Kansas, steady in Colorado, and smaller in Nebraska and Texas. Overall, the mid-December offering looks somewhat smaller than last week. According to the closing report, the national hog base is $0.49 higher compared with the Prior Day settlement ($43-$48.56, weighted average $47.35). March corn closed down 1 1/2 cents, not getting much of a boost from Monday's bullish export news (i.e., USDA announced 34.5 million bushels of corn were inspected for export last week, enough to put total inspections up 76% from a year ago). Recovering from early weakness, the stock market closed higher with the Dow up 34 points.