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DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jul 23, 2014 04:37 PM CDT

GENERAL COMMENTS:

Light cattle trading surfaced in parts of the North with some buyers spending as much as $255 on a dressed basis $8 higher than Nebraska's weighted average last week. Parts of the South reported bids at $156. Asking prices are around $160-plus in the South and $255-plus in the North. According to the closing report, the Iowa hog base is 0.80 lower compared with the Prior Day settlement ($123.00-$126.47, weighted average $125.23). Corn futures closed generally 2 cents higher, modestly supported by short covering and a sharp rally in the bean pit. The stock market generally appreciated ...

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