According to the closing report, the Iowa hog base closed $2.40 higher compared with the Prior Day settlement ($119.47 to $128.00, weighted average $126.56). Corn futures closed lower, down 1 1/2 in the July, down 2 1/4 in the September and down 1 3/4 in the December.
Feeder cattle futures closed higher, up 150 to 300. June futures soared higher, moving to new contract highs after being locked in limit higher trade of $3 per cwt. The continued concern about tight supplies both short and long term in the cattle market as well as ...