DTN Closing Livestock Comment 12/26 17:04
26 Dec 2018
DTN Closing Livestock Comment 12/26 17:04 Cattle Futures Return From Holiday With Mixed Results The cattle complex settled mixed in the live trade and moderately higher in the feeder market. Lean hog contracts finished mostly higher with modest red only evident in a few far-deferred months. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: The cash cattle market may have been gaveled back from the Christmas break Wednesday, but you couldn't prove it in terms of hard business. Both bids and asking prices were poorly defined. The national hog carcass base closed $0.44 higher ($40-$45). March corn closed down 4 1/2 cents, likely encountering more noncommercial liquidation as prices make new lows in December. After collapsing on Christmas Eve, equities made a bullish about-face with the Dow scoring the biggest single-day gain ever. The Dow closed 1,086 points higher and the Nasdaq landed 361 in the green.