DTN Livestock Close: Lean Hogs Reclaim Lost Ground

Photo: United Soybean Board

Lean hog futures closed significantly higher Tuesday thanks to constructive fundamentals and bull-spreading interest. The cattle complex settled with mixed prices, mostly higher in the live trade and mostly lower in the feeder market.

GENERAL COMMENTS

Feedlot country remained very quiet Tuesday with just a few bids noted in parts of the North. Some Southern showlists were priced at $117 or better. According to the closing report, the national hog base is $0.78 higher ($72-$81, weighted average $78.68).

The corn trade spiked generally a dime higher, supported by lower ending stocks reported by the World Board and short-covering. The stock market closed on a mixed basis with the Dow off 1 point and the Nasdaq up 43.

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