Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 07/18 17:32
   Bullish Traders Slam Cattle Futures Triple Digits Higher

   Live and feeder contracts closed sharply higher thanks to aggressive
short-covering, technical-buying and cash premiums. Lean hog issues settled on
a mixed basis with nearbys generally losing ground to deferreds.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Aside from a smattering of cash bids (i.e., $107-$108 in the South and
$172-$173 in the North), the cash cattle trade remained at a standstill.
According to the closing report, the national hog base is $1.36 lower compared
with the Prior Day settlement ($67-$73, weighted average $70.62). Corn futures
settled about a penny plus higher in slow market conditions. The stock market
closed 79 points higher in the Dow and fractionally lower basis the Nasdaq.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN