DTN Closing Livestock Comment 10/17 15:24
Livestock Futures Close Week Mixed
Live and feeder cattle futures closed the week lower, with most feeder
contracts limit down. Lean hog futures were higher.
By Rick Kment
From Friday to Friday livestock futures scored the following changes: Oct
LC, Up .15, Dec LC, Off .25; Oct FC, Off 2.05; Nov FC, Off 5.05; Oct LH, Off
3.83; Dec LH, Off 3.67. Cash cattle business was mostly finished Wednesday,
with a few cleanup deals Thursday. Southern live trade was at $164 and Northern
dressed trade was $256 to $258, basically steady with last week. According to
the closing report, the Iowa hog base closed $1.84 lower compared with the
Prior Day settlement ($92.00-$100.00, weighted average $98.27). Corn futures
closed lower, down 4 1/4 in December and down 4 in March.
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