Dakota Ag Cooperative 
Friday, July 31, 2015  
 
 
 
 
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DTN Closing Livestock Comment 07/30 15:57
   Lean Hog Futures Settle Moderately Lower

   Lean contracts closed moderately lower, trimmed by profit taking and
uncertain late-summer fundamentals. The cattle complex settled on a mixed basis
thanks to a combination of light bull spreading and long liquidation.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   Packer inquiry through feedlot country was generally light. While bids were
generally widespread, none came close to tempting sellers to pull triggers.
Most asking prices were noted around $148 in the South and $236-plus in the
North. According to the closing report, the national hog base is $0.73 lower
compared with the Prior Day settlement ($65.00-$76.75, weighted average
$74.53). Corn futures closed a nickel-plus higher Thursday, boosted by short
covering and commercial buying. The stock market closed narrowly mixed as
investors digested more earnings and second-quarter GDP (i.e., up 2.3 percent).
The Dow closed 5 points lower with the Nasdaq up 17.
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