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Wednesday, June 20, 2018  
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DTN Closing Livestock Comment 06/20 16:22
   Lean Hog Futures Fall Hard for Second Consecutive Session

   Hog futures broke hard again, troubled by long liquidation and the possible
inadequacy of midsummer pork demand. On the other hand, cattle paper closed
moderately higher, for the most part, supported by short-covering and recent
cash premiums.

By John Harrington
DTN Livestock Analyst


   Packer inquiry in feedlot country was both light and uninspiring through the
day with bids no higher than $108 in the South and $173-$175 in the North. Some
showlists were priced around $115 live and $183 dressed. According to the
closing report, the national hog base is $0.66 lower ($76-$83.50, weighted
average $82.47). Corn futures closed fractionally higher in slow volume. The
stock market closed on a mixed basis with the Dow off 42 points and the Nasdaq
up 55.
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