According to the closing report, the Iowa hog base closed $0.67 higher compared with the Prior Day settlement ($112.00 to $123.50, weighted average $119.83). Corn futures closed higher, up 9 in the July, up 8 3/4 in the September and up 8 in the December.
Futures cattle closed significantly higher, up 152 to 245. Live cattle futures backed away from session highs, but strong triple-digit gains were sustained through the closing bell. The focus on continued demand through the upcoming summer months based on firming boxed beef values and an overall tight supply situation ...