DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri Aug 29, 2014 04:05 PM CDT


Although they waited until the last moment, short-bought packers were forced to spend more money on ready cattle. Light to moderate trade developed in all areas. Live sales in the South ranged between $155 and $156, $3 to $4 higher than last week. Dressed business in the South was mostly marked at $245, generally $3 higher than last week's weighted average basis Nebraska. According to the closing report, the Iowa hog base is $2.07 higher compared with the Prior Day settlement ($85.00-$93.50, weighted average $92.60). Corn futures closed lower, down 2 3/4 in the September, down 4 ...

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