DTN Closing Livestock Comment 01/29 15:30
Livestock Futures Close Lower
Live cattle futures closed lower, down 42 to 180. Feeder cattle futures were
also lower, down 10 to 125. Lean hog futures were 95 to 297 lower.
By Rick Kment
There is some light cash cattle trade in the South at $159-160, Steady to $1
lower than last week. A few sales at $160 in Nebraska. According to the closing
report, the Iowa hog base closed $0.01 higher compared with the Prior Day
settlement ($55.00-$68.50, weighted average $67.45). Corn futures closed lower,
down 1 3/4 in the March and down 1 1/2 in the May.
DTN offers additional daily information available free through DTN Snapshot – sign up