DTN Closing Livestock Comments 12/06 15:56
Meat Futures Close Week With Mixed Prices
The cattle complex settled with uneven prices, with follow-through selling
on one hand and short-covering on the other. Lean hog contracts were mixed as
well, but pressured on the nearby thanks to struggling cash business.
By John Harrington
DTN Livestock Analyst
From Friday to Friday, livestock futures scored the following changes: Dec
LC, Off .05 Feb LC, Up 1.05; Jan FC, Up .97; Mar FC, Up 1.30; Dec LH, Off 3.95;
Feb LH, Off .67. The cash cattle trade was limited to light activity in parts
of Nebraska and Colorado. Live sales were marked at $132 to $133, generally $1
lower than last week. Limited dressed business took place at $208 to $209,
steady to $1 lower. According to the closing report, the Iowa hog base compared
with the Prior Day's closing weighted average is $0.60 higher ($67.00 to
$81.50, weighted average $78.29). Corn futures settled just barley higher, up 1
1/4 in the December and up 3/4 in March.
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