DTN Closing Livestock Comment 03/07 15:58
Lean Hog Futures Complete Week With New Records
The lean hog pit closed significantly higher with most contracts once again
setting new all-time records. Live and feeder cattle futures also closed higher
with feeders gaining ground on their live counterparts.
By John Harrington
DTN Livestock Analyst
From Friday to Friday, livestock futures scored the following changes: Apr
LC, Off 1.72 Jun LC, Up 1.67; Mar FC, Up .67; May FC, Up .70; Apr LH, Up 6.15;
May LH, Up 6.35. The cash cattle trade was very quiet today with buyers and
sellers apparently content with limited business conducted on Wednesday and
Thursday. According to the closing report, the Iowa hog base compared with the
Prior Day's closing weighted average is $1.41 higher ($94.00 to $109.25,
weighted average $107.38). Corn futures closed lower, down 2 to 4 3/4.
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