DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Jul 31, 2014 04:15 PM CDT


Besides a few scattered bids in parts of the North (e.g., $255-259), the cash cattle trade was a non-event. Significant trade volume will be postponed until sometime Friday. Asking prices remained firm at $169-170 in the South and $265-270 in the North. According to the closing report, the Iowa hog base is .42 higher compared with the Prior Day settlement ($111.00-$124.00, weighted average $121.49). The corn trade sank another 3-4 cents lower, checked by disappointing export sales and generally positive growing crop conditions. Equities imploded on Thursday with the Dow and S&P 500 posting their first monthly ...

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