Headline News

DTN Closing Livestock Comment 10/18 17:30
   Feeder Futures Close Mostly Higher, Supported by Lower Corn Action

   The cattle complex settled on a mixed basis in the live trade and mostly
higher in the feeder market. Conversely, lean hog issues were once again
slammed lower thanks to seasonally defensive fundamentals.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS:

   The cash cattle business never really got off the ground Thursday. Trade
volume in the North appears to be essentially done for the week. Although
Southern live bids increased from $109 to $111, asking prices of $113-114
prevented significant biz from surfacing in Texas and Kansas. Look for Southern
trade volume to develop on Friday. According to the closing report, the
national hog base is $0.08 lower compared with the Prior Day settlement
($53-$59.50, weighted average, $59.16). Corn futures finished mostly 3 cents
lower, checked by disappointing export sales. The stock market took another
tumble with the Dow off 326 points and the Nasdaq down by 157.