DTN Livestock Close: Futures Move Significantly Higher
Live cattle, feeder cattle and lean hog futures closed triple-digits higher Thursday.
According to the closing report, the Iowa hog base closed $0.67 higher compared with the Prior Day settlement ($112.00 to $123.50, weighted average $119.83). Corn futures closed higher, up 9 in the July, up 8 3/4 in the September and up 8 in the December.
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The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,