The iView has timed out. It is now displaying expired content from the cache. Click 'Reload' to retrieve updated content. You may need to wait for the cache to retrieve the content from the source.Reload
iView has timed out; there is no cached content to display. Click Reload to retrieve updated content. You may need to wait for the cache to retrieve the content from the source. Reload
Help Contact Us
Username: Password:
 
Forgot Username? Forgot Password? Remember Me
 

Market News Details

DTN Closing Livestock Comment

DTN Closing Livestock Comment 10/17 17:11
   Lean Hog Futures Bomb With Triple-Digit Losses

   Hog paper closed sharply lower, pressured by defensive cash action and
seasonal fundamentals. The cattle complex settled with mixed price with
deferreds losing ground to spot contracts.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS:

   Light trade was scattered around parts of the North Wednesday with a few
dressed deals marked at $110-$111.  At the same time, a few live bids in the
North were tagged at $172-$174. On the other hand, the South remained at an
essential standstill with significant trade volume delayed until Thursday or
Friday. According to the closing report, the national hog base is $0.79 lower
compared with the Prior Day settlement ($53-$60.50, weighted average $58.97).
Corn futures settled about a penny lower, pressured by dry forecasts and hopes
of harvest progress. The stock market closed lower with the Dow down 97 points
and the Nasdaq off by 2.

Market Commentary

Corn is down 1.25 cents, Chicago wheat is down 5.25 cents, beans are down 1.75 cents, meal is up 10 cents, and soy oil is up 7 points.
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.