Weather Quotes DTN Ag Headlines Options Grain Soybeans News Corn News Cotton News Wheat News DTN Renewable Fuels Futures Markets
 Francis-Mustoe & Company
  About Us  
  Daily Markets  
  Historical Markets  
  Weekly Markets  
  Contact Us  
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 07/19 16:08
   Beef Futures Surge Back to Upper End of Trading Range

   The cattle complex staged an aggressive recovery at midweek, closing with
triple-digit gains thanks to short-covering and technical buying. Lean hog
issues also settled higher, though significant price progress was limited to
nearby issues.

By John Harrington
DTN Livestock Analyst


   Light to moderate cash cattle trading surfaced in parts of the North with
dressed prices ranging from $188 to $190 (mostly $188, $2 lower than last
week's weighted average basis Nebraska). According to the closing report, the
national hog base is .77 lower ($80.00-85.75, weighted average $84.79). At the
conclusion of another very choppy session, corn futures closed a nickel-plus
higher, supported by hot temps and some pollination worries. The stock market
closed higher with the Dow up 66 points and the Nasdaq better by 40.
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.
Our Disclaimer
Powered By DTN