DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Jul 8, 2014 03:53 PM CDT


As expected, the cash cattle trade went untested today with neither bids or asking prices assuming meaningful definition. Some feedlot managers priced cattle around $160-$162 in the South and $255 in the North. According to the closing report, the Iowa hog base is .25 lower compared with the Prior Day settlement ($122.00-$133.00, weighted average $130.40). The corn market closed 1-2 cents lower with selling interest tied to sharp losses in old-crop beans and a general lack of concern for the growing new crop. U.S. stocks skidded lower on Tuesday as investors braced for quarterly earnings. The Dow ...

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