Four Star Supply, Inc.

DTN Closing Livestock Comment 09/25 16:03

DTN Closing Livestock Comment 09/25 16:03
   Narrow Gains Support Cattle Futures

   Limited activity developed late in the day across cattle markets, pushing
prices higher and attempting to bring some stability to the market following
Monday's losses.

By Rick Kment
DTN Analyst


   Cash cattle trade is generally undeveloped with just a few token bids
slipping into northern areas of $172 to $174 per hundredweight (cwt) in both
Nebraska and Iowa. Asking prices are yet to be developed, as well as bids in
southern cattle country. It is likely to be Wednesday or later when active bids
and asking prices are seen and later in the week when actual trade develops.
According to the closing report, the national hog base is $1.90 higher compared
with the Prior Day settlement ($54-$64.50, weighted average $62.50). Corn
futures were higher in light activity with the September futures contract
closing 3 cents higher. The Dow Jones Index is 58 points lower with Nasdaq up
14 points.