DTN Closing Livestock Comment 12/27 16:10
27 Dec 2018
DTN Closing Livestock Comment 12/27 16:10 Nearby Live Futures Close With New Contract Highs The cattle complex surged sharply higher Thursday with nearby contracts setting new highs. Lean hog issues closed on a mixed basis with spot Feb gaining on deferred counterparts. By John Harrington DTN Livestock Analyst GENERAL COMMENTS: It was another tough day to actually nail down packer bids in feedlot country. We saw a few dressed bids of $190 on some ready steers and heifers in parts of the North. Asking prices were generally renewed at $121-$122 in the South and $192-$195 in the North. The national hog carcass base closed $0.33 higher ($41-$45.41, weighted average, $44.82). Corn futures closed about a penny plus higher in light trade volume. At the conclusion of a very volatile session, equities closed higher: the Dow settled 260 points higher and the Nasdaq advanced by 25.