Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 10/24 16:10
   Cattle Futures Surge Back to Life

   Live and feeder futures gapped higher on the opening and just kept getting
better through the trading session. Lean hog contracts also launched the new
business week with solid gains, supported by the premium status of the cash
index and spillover enthusiasm from the cattle complex.

By John Harrington
DTN Livestock Analyst


   Activity in cattle feeding country was typically limited to the distribution
of new showlists. Ready numbers appear to be generally larger, especially in
Nebraska. According to the closing report, the national hog base is .05 higher
compared with the Prior Day settlement ($42.00-46.50, weighted average $45.27).
The corn market slipped about 4 cents lower, pressured by decent harvest
weather and progress. U.S. equities closed higher, supported in part by big
merger news. Dow settled 77 points higher with the Nasdaq advancing 52.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN