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DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri Jul 25, 2014 04:21 PM CDT

GENERAL COMMENTS:

Light to moderate trading surfaced again in cattle country with short-bought packers willing to spend pretty much whatever it took. Live sales in the South were marked at $165, $10 higher than last week. Live business in the North ranged from $163 to $166, $8 to $10 higher than last week. According to the closing report, the Iowa hog base is $0.72 lower compared with the Prior Day settlement ($120.00-$128.00, weighted average $125.56). Corn futures closed modestly higher, up 1 1/2 in the September, up 2 1/4 in the December and up 2 in the March.

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