According to the closing report, the Iowa hog base closed 0.62 higher compared with the Prior Day settlement ($108.00-$119.00, weighted average $118.07). Corn futures closed lower, down 2 1/4 in the July, down 2 3/4 in the September and down 2 1/2 in the December.
Futures closed lower, down 72 to 130. Live cattle futures were lower due to pressure in the deferred contract months. This shift may be based more on light trade activity and no additional market direction than any fundamental or technical factor in the market. But the expectation that noncommercial ...