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Market News Details

DTN Closing Livestock Comment

DTN Closing Livestock Comment 04/20 16:27
   Cattle Futures Conclude Choppy Session With Significant Gains

   The cattle complex settled significantly higher Friday with nearby live
issues especially supported by greater packer spending. Lean hog contracts
closed moderately lower, pressured by long liquidation and late-week
profit-taking.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   The Northern tier of cattle-feeding country turned active as feedlot
managers responded to another round of higher packer bids. For example, live
deals in Nebraska ranged from $122-$124, $0.50 to $2.50 higher. Some dressed
business in Nebraska and Iowa was reported as high as $193 to $195, $3 to $5
higher. The National hog base closed off $0.51 compared with the Prior Day
settlement ($50-$61.50, weighted average $57.65). From Friday to Friday,
livestock futures scored the following changes: Apr LC up $2.80; Jun LC up
$0.07; May FC off $1.05; Aug FC off $0.60; Jun LH off $0.10; Jul LH up $0.45.
Corn futures closed a nickel plus lower pressured by warming temperatures and
ideas of significant planting progress in the weeks ahead. The stock market
closed lower with the Dow off 201 and the Nasdaq down by 91.

Market Commentary

Weaker techincals in corn and beans. Crush firmer.
End of Week Audio Commentary
by Jody Lefcourt
Last updated 01/26/2018 02:05 PM CST
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.