DTN Closing Livestock Comment 10/07 15:09
Cattle Futures Higher; Hogs Lower
Live cattle and feeder cattle futures were triple-digits higher Wednesday.
Lean hog futures finished lower.
By Rick Kment
Feedlot country is at a standstill Wednesday afternoon. Some bids reported
in Kansas at $118. According to the closing report, the Iowa hog base is .88
higher compared with the Prior Day settlement ($63.00-$73.50, weighted average
$72.09). Corn futures closed down 2 1/2 in the December contract and down 2 1/4
cents in the July.
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