DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Jul 22, 2014 03:39 PM CDT


The cash cattle trade declined to move out of the shade Tuesday with neither buyers nor sellers immediately interested in facing the hot summer sun. That said, producers seemed to be enjoying themselves more as surging futures seemed eager to anticipate cash stability/firmness. Some showlists are priced around $158-plus in the South and $250-plus in the North. According to the closing report, the Iowa hog base is $1.63 lower compared with the Prior Day settlement ($122.00-$127.00, weighted average $126.02). Corn futures settled mostly 4 cents lower, pressured further by mounting production potential and few bullish prospects on ...

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