Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 07/21 16:26
   Cattle Futures Closed Higher, Supported by Late Week Short-covering and Cash

   At the conclusion of a choppy session, live and feeder cattle contracts
settled moderately higher with feeders gaining on their live counterparts. Lean
hog futures settled on a mixed basis with deferreds out preforming nearbys.

By John Harrington
DTN Livestock Analyst


   Moderate trade volume developed in most areas of cattle country. Live
business in the South was marked at $120.00, nearly steady with last week.
Dressed business in the North ranged from $188.00-$190.00, generally $2.00
lower than last week. The National hog base closed off $0.88 compared with the
Prior Day settlement ($78.00-$84.50, weighted average $83.33). From
Friday-to-Friday livestock futures scored the following changes: Aug LC Off
$1.38; Oct LC Off $1.17; Aug FC Off $1.32; Sep FC Off $0.92; Aug LH Up $1.20;
Oct LH Off $12.68. Corn futures closed generally $0.11 lower, pressured by late
week profit taking. Reports of blistering temperatures over parts of the Corn
Belt did not seem to spark buying interest. The stock market closed lower with
the Dow off 31 and the NASDAQ down by 2.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN