NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Wed Aug 27, 2014 03:25 PM CDT

GENERAL COMMENTS:

No cattle trade reported Wednesday. Bids are at $151 in Kansas and $152 and $240 in Nebraska. According to the closing report, the Iowa hog base is 1.26 lower compared with the Prior Day settlement ($84.00-$93.50, weighted average $92.31). Corn futures closed steady to fractionally lower.

LIVE CATTLE:

Futures closed lower, down 35 to 125. Support continued to be lacking across live cattle futures contracts Wednesday as significant triple-digit losses developed in deferred months, indicating that noncommercial pressure is starting to develop across the complex. The lack of aggressive enthusiasm surrounding the upcoming Labor Day holiday ...

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