DTN Closing Livestock Comment 04/26 16:02
Longs Continue to Run From Summer Lean Hog Futures
The lean hog board closed significantly lower with spot May through August
especially attracting selling interest. Live and feeder cattle futures fell
mostly lower with only the spot months finishing in the green.
By John Harrington
DTN Livestock Analyst
While a few more bids were tossed on the cattle table (e.g., $121 in the
South, $192 in the North), no buyers were willing to show enough powder needed
to generate selling interest. Some steers and heifers were priced around $125
live in the South and $200-$203 in the North. According to the closing report,
the national hog base is $0.02 higher ($52-$59, weighted average $58.32). Corn
futures closed fractionally lower at the conclusion of a listless round of
trading. The stock market seemed to reclaim traction Thursday with the Dow
closing 238 points and the Nasdaq advanced by 114.
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