DTN Closing Livestock Comment 12/11 16:29
Hog Paper Closes Significantly Lower
Most lean hog futures closed sharply lower with Feb through June off triple
digits. On the other hand, live cattle issues settled moderately lower with the
feeder counterparts mixed.
By John Harrington
DTN Livestock Analyst
Activity in feedlot country was restricted to the distribution of new
showlists. This week's offering looks mixed, larger in Kansas and Colorado, but
smaller in Nebraska and Texas. Overall, ready cattle numbers look tighter than
last week. According to the closing report, the national hog base is $0.07
lower ($52-$59.20, weighted average $58.92). Corn futures closed 3 cents-plus
lower, checked by the same old supply blues and a general lack of buying
interest. The stock market finished higher with the Dow up 56 points and Nasdaq
better by 35.
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