DTN Closing Livestock Comment 07/15 15:40
Mixed Close for Livestock Futures
Livestock futures contracts were mixed across the board Monday, with no
major movements anywhere except for gains in the deferred lean hog contracts.
August lean hogs, on the other hand, dropped $0.55.
By Elaine Kub
DTN Contributing Analyst
GENERAL COMMENTS: Though this week's just getting started, the cash cattle
picture looks steady to higher than last week's, with live bids at $112 to $113
and dressed bids at $184 to $186. Offers are $114 live and $188 dressed.
According to the closing report, the national hog base was $0.37 higher
($58.00-$71.50, weighted average $68.45). Corn futures closed 13 1/4 cents
lower, giving back Friday's gains. The stock market stayed near its new record
high and closed the day slightly higher, up less than a point on the S&P 500.
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