DTN Closing Livestock Comment 01/23 15:48
Meat Futures Close Lackluster Trading Session With Mixed Prices
Lean hog contracts settled on both sides of unchanged with nearbys generally
losing ground to deferred counterparts. The cattle complex finished mostly
lower, though general price erosion was not very pronounced.
By John Harrington
DTN Livestock Analyst
Feedlot country was typically quiet for a Monday as packers focused
exclusively on the collection of new showlists. Ready numbers appear to be
mixed, larger in the South and smaller in the North. Generally speaking, the
late-month offering appears to be a bit larger than last week. According to the
closing report, the national hog base is $0.21 lower ($58.00-65.00, weighted
average $62.67). Corn futures closed fractional mixed at the conclusion of a
largely featureless trading session. The Dow closed 27 points lower with the
Nasdaq off 2.
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