DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Jun 26, 2014 03:55 PM CDT


Cattle buying efforts remained largely token with just a few bids of $238-$240 reported in parts of the North. Asking prices remain very firm thanks to the board's runaway behavior: $153-plus in the South and $242-plus in the North. According to the closing report, the Iowa hog base is 0.08 lower compared with the Prior Day settlement ($121.00-$127.00, weighted average $126.00). The corn market closed generally 2-3 cents higher, supported by short covering and better export demand for U.S. beans. U.S. stocks fell on Thursday pressured in part when James Bullard, head of the Federal Reserve Bank ...

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