DTN Closing Livestock Comment 07/01 15:19
Cattle Futures Rebound
Live cattle futures closed higher, up 180 to 300. Feeder cattle contracts
were also triple-digits higher, up 242 to 377. Lean hog futures were mixed, up
90 to down 72.
By Rick Kment
Light to moderate cattle trade developed in most areas Wednesday afternoon.
Northern live prices are at $150 to $152; Southern $150. Dressed prices in the
North are at $238 to $240. According to the closing report, the Iowa hog base
closed $0.18 lower compared with the Prior Day settlement ($68.00-$75.00,
weighted average $74.56). Corn futures closed mostly fractionally higher, down
1/4 in the July and up 1/4 in the March.
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