DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jul 9, 2014 04:32 PM CDT


Besides a few isolated deals in Nebraska at $157 ($1 lower on a barebones test), the cash cattle trade remained essentially quiet. Some showlists were priced at $160-$162 in the South and $255-plus in the North. According to the closing report, the Iowa hog base is $2.03 higher compared with the Prior Day settlement ($126.25-$134.00, weighted average $132.41). Corn futures continued to struggle, closing another 4-7 cents lower thanks to bearish momentum and a general lack of supportive news. Note that new-crop December closed under $4 for the first time in three years. The stock market recovered ...

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