Wednesday, September 18, 2019
 
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DTN Closing Livestock Comment 09/17 15:27
   Volatile Tuesday Across Livestock Contracts

   Lean hog contracts displayed a classic turnaround Tuesday with triple-digit
losses giving back Monday's triple-digit gains. Feeder cattle also had a
volatile day, with the October contract up $3.10. October live cattle futures
remain under $100 per cwt.

By Elaine Kub
DTN Contributing Analyst



   GENERAL COMMENTS:

   No bids or asking prices are established yet this week in the cash cattle
market, but whatever volume may develop on Wednesday will be benchmarked
against last week's numbers: Southern live trade at $99 to $100 and Northern
dressed business mostly $159 to $160. According to the closing report, the
national hog base was $0.38 lower (weighted average $45.39). Corn futures
closed 6 cents per bushel lower alongside the geopolitical uncertainty and
volatile pullback in crude oil (down $3.85 per barrel). The stock market gained
4 points in the S&P 500, and the index has inched back above 3,000.
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