Weather Futures Markets Quotes Options Charts Market News Markets Page

Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 09/30 16:17
   Lean Hog Futures Distance Further From Negative H&P Report

   The lean hog pit closed with decent progress, supported by short covering
and ideas that the quarterly inventory had already been fully discounted.
Cattle pit settled on a mixed basis with live contracts lower and feeder issues

By John Harrington
DTN Livestock Analyst


   Tuesday's cash cattle market was pretty much a no show with virtually
short-bought packers not bothering with even token bids. Some showlists were
priced around $162 in the South and $253 to $255-plus in the North. According
to the closing report, the Iowa hog base $0.45 higher compared with the Prior
Day settlement ($95.50-$111.50, weighted average $108.89). Corn futures
struggled further on news of a larger than expected Sept. 1 stockpile (1.236
billion bushels). Most contracts closed a nickel lower with December falling to
another new contract low. The stock market fell on Tuesday, with equities
posting September losses and quarterly gains, as portfolio managers engaged in
end-of-quarter positioning. The Dow closed 28 points higher with the Nasdaq
down by 12.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN