DTN Livestock Close: Sluggish Trade Leaves Prices Mixed

©Debra L Ferguson Stock Photography

Limited activity developed in all livestock trade Wednesday with very little market direction seen. Cattle markets were contained to narrow market moves as traders tried to establish short- and long-term direction.

GENERAL COMMENTS:

Cash cattle interest remains extremely sluggish through midweek with a few token live bids developing in the South at $108 per hundredweight (cwt). This is well below asking prices of $113 to $114 live and $180 and higher dressed. Significant business may be delayed until after the Cattle on Feed report Friday.

According to the closing report, the national hog base is $3.15 higher compared with the Prior Day settlement ($45-$59, weighted average $56.21).

Corn futures are higher in light activity. September futures were 2 1/2 cents higher Wednesday. The Dow Jones Index is 172 points higher with the Nasdaq down 8 points.

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