DTN Livestock Close: Cattle Markets Perking Up

©Debra L Ferguson Stock Photography

Live cattle and feeder cattle futures posted modest gains Thursday, continuing their short-term trend. Lean hog contracts gave back most of the previous session’s gains.

GENERAL COMMENTS:

The majority of the week’s cash cattle trade looks like it will be left off until Friday, with sellers staying firm at their asking prices around $184 in the North and $113 in the South. Most bids haven’t yet met those prices, instead staying at $182. But, on Thursday, one transaction for 1,000 head was noted in eastern Nebraska at $185.

According to the closing report, the national hog base was $0.28 higher ($56-$71, weighted average $67.82).

Corn futures closed 13 1/2 cents higher. The stock market stayed near its new record high and closed the day higher, up 7 points on the S&P 500.

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