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DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Aug 20, 2014 04:22 PM CDT

GENERAL COMMENTS:

Light cattle trading developed in parts of the North with most dressed biz marked at $242, roughly $3 lower than last week's weighted average basis Nebraska. According to the closing report, the Iowa hog base is $2.83 lower compared with the Prior Day settlement ($90.00-$99.00, weighted average $96.68). The corn market closed generally 4-5 cents lower, pressured by bearish yield reports from the crop tour. The stock market mostly advanced on Wednesday, after minutes from the Federal Reserve's last meeting showed some Fed officials want a "relatively prompt" rate hike based on the economy's progress. The Dow ...

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