DTN Closing Livestock Comment 01/22 16:03
Live Cattle Futures Open Week With Significant Advance
The cattle complex closed substantially higher for the most part, though
live contracts attracted more selling interest than their feeder counterparts.
Lean hog issues settled moderately lower in light trade volume.
By John Harrington
DTN Livestock Analyst
Activity in cattle feeding country was limited to the distribution of
showlists. Ready numbers look smaller in all states except Texas. According to
the closing report, the national hog base is $0.44 higher ($62-$70, weighted
average $69.87). Corn futures closed mostly flat with fractional softness noted
on the front end. Equities closed higher, somewhat supported by the end of the
government shutdown. The Dow settled 142 points higher with the Nasdaq positive
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