The cash cattle market remained dead in the water. Indeed, opening bids were not evident in the face of higher asking prices (i.e. $168 to $170 in the South and $265 to $270 in the North). Trade is expected to develop on Thursday or Friday. According to the closing report, the Iowa hog base is 0.92 lower compared with the Prior Day settlement ($118.00-$123.00, weighted average $121.12). Corn futures closed fractionally higher, up 1/4 in the September and up 1/2 in the December and March.
Futures closed higher, up 70 to 107. Live contracts ...