DTN Closing Livestock Comment 10/21 15:25
Livestock Futures Close Higher
Live cattle futures closed higher, up 77 to 212. Feeder cattle contracts
finished up 12 to 125. Lean hog futures were higher, up 70 to 137.
By Rick Kment
From Friday to Friday livestock futures scored the following Changes: Oct
LC, Up $5.25; Dec LC, Up $4.42; Oct FC, Up $1.50; Nov FC, Up $4.05, Dec LH, Off
$0.37, Feb LH, Off $1.55. Little cash cattle trade developed as we waited on
the Cattle on Feed report. There were some bids at $154 to $155 in the North
and $98 in the South. According to the closing report, the national hog base is
$0.23 lower compared with the Prior Day settlement ($42.50-46.51, weighted
average $45.21). Corn futures closed modestly higher, up 1 1/2 in the December,
March and May contracts.
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