(801)546-4852                Monday, March 18, 2019  
AgBizDir.com |  Charts |  DTN Ag Headlines |  Headline News |  Markets Page |  Options |  Portfolio |  Weather 
 Deseret Grain Storage
Bulletin Board
About Us
California Grain Bids
Real Time Quotes
USDA Reports
County LDP Rates
 My Website
 Admin Login
 Welfare Grain Bids
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Closing Livestock Comment 03/15 15:46
   Hogs Close Wild Week With Limit-Up Gains

   The entire livestock futures sector posted gains Friday, with the most
dramatic bullishness coming from the lean hog market's ongoing African swine
fever concerns. Hogs were up $3.000 (limit-up).

By Elaine Kub
DTN Contributing Analyst

   GENERAL COMMENTS: From Friday to Friday, livestock futures scored the
following changes: Apr LC off $0.58; Jun LC up $0.97; Mar FC off $2.60; Apr FC
off $0.77; Apr LH up $8.25; May LH up $8.98. The week's light-to-moderate cash
cattle trade developed Wednesday and Thursday with Southern live deals ranging
from $126 to $127, generally $1 lower than last week's weighted averages.
Northern dressed business ranged from $203 to $205, also $1 lower than last
week's weighted averages. According to the closing report, the national hog
base is $1.08 higher ($46-$54, weighted average $51.52). That's $6.72 higher
than week-ago numbers, so the hog rally is both a futures and cash market
phenomenon. Corn futures (and all grain and oilseed contracts) closed higher
Friday amid speculative short-covering, with the May contract netting a weekly
gain of 18 1/2 cents. The stock market closed modestly higher, up 14 points
Friday in the S&P 500 and netting gains of 2.9% for the week.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN