People and resources you can count on. Always 

 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Closing Livestock Comment 01/17 16:43
   Cattle Futures Slam Higher With Triple-Digit Gains

   Live and feeder contracts soared sharply higher, supported by aggressive
short-covering, technical-buying and cash optimism. Lean hog issues finished
mostly lower with nearbys losing ground to deferreds.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Feedlot country saw a few more bids Wednesday (e.g., $118 live; $188-$190
dressed), but nothing exciting enough to draw the least bit of selling
interest. According to the closing report, the national hog base is $0.07 lower
($62-$71.50, weighted average $69.64). Nearby corn futures jumped 4 cents
higher, the biggest one-day pop since mid-November. Trade sources credited
commercial buying and a general lack of selling interest. The stock market
roared back to life following Tuesday's set-back with the Dow closing 322
points higher (over 26,000 ever) and the Nasdaq settling up 74.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
CHS Agri Service Center, 310 Logan St, Holdrege, NE 68949-2723 (308) 995-8626
Powered By DTN