MARKETS NEWS
DTN Midday Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jun 26, 2013 11:43 AM CDT

GENERAL COMMENTS:

According to the midday report, the Iowa hog base compared with the Prior Day's closing weighted average is $2.01 lower ($95.00 to $104.00, weighted averaged, $98.94). The national base compared with the Prior Day's closing weighted average is $0.83 lower ($95.00 to $104.00, weighted average $97.72). Cattle buying interest is fleshing out a bit more at midweek, though we're still probably a long ways from the development of significant trade volume. Feedlots are reporting bids of $117 in the South and $190-191 in the North, well below asking prices of $122 and $195-196 plus. Corn futures are higher ...

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