DTN Closing Livestock Comment 01/30 15:16
Cattle Futures Close Higher
Live cattle futures closed higher, up 77 to 177. Feeder cattle futures were
also higher, up 120 to 162. Lean hog futures were mixed, up 102 to down 107.
By Rick Kment
From Friday to Friday livestock futures scored the following changes: Feb
LC, Up 4.50, Apr LC, Up 3.47; Mar FC, Up 3.38; May FC, Up 2.70; Feb LH, Off
1.83: Apr LH, Up 1.60. A light trade reported in the North at mostly $254.00,
generally steady with last week's weighted average basis Nebraska. The South
remains quiet with business essentially done for the week. According to the
closing report, the Iowa hog base closed $1.55 lower compared with the Prior
Day settlement ($55.00-$67.00, weighted average $66.01). Corn futures closed
lower, down 1 1/2 in the March and down 1 1/2 in the May.
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