Tuesday, September 18, 2018  
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DTN Closing Livestock Comment 09/17 15:18
   Mixed Cattle Trade Monday

   Following the sharp market rally seen Friday, trade Monday seemed generally
sluggish with prices mixed through the complex. Cattle markets are mixed to
mostly higher, but any sense of support limited buyer support and minimized any

By Rick Kment
DTN Analyst


   Cash cattle activity remains sluggish Monday afternoon with bids and asking
prices still undeveloped. It is likely that cash market interest may not become
active until midweek or later. Although cash market trade remained sluggish
last week, formulated sales increased. Generally, show lists seen Monday are
mixed to mostly larger than the previous week. According to the closing report,
the national hog base is $1.80 higher compared with the Prior Day settlement
($43.00 to $54.00) weighted average $50.59. Corn futures are lower in light
activity. September futures were 3 3/4 cents lower Monday. Dow Jones Index is
98 points lower with Nasdaq down 104 points.
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