DTN Closing Livestock Comment 11/14 16:35
Livestock Futures Close Mixed at Midweek
Trading meat futures Wednesday was right there with watching paint dry and
clipping toenails: Not much meaningful was accomplished. Contracts settled
mixed and were certainly not very suggestive of price trends for Thursday and
By John Harrington
DTN Livestock Analyst
Feedlot bids at midweek were no more than token with a few scattered
attempts at $175-$176 dressed in the North and $109 live in the South. Asking
prices were poorly defined. According to the closing report, the national hog
base is $0.18 lower compared with the Prior Day settlement ($46-$52.44,
weighted average $52.61). The corn market settled fractionally mixed in light
volume. Equities continued to struggle Wednesday with the Dow off 205 points
and the Nasdaq down by 64.
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