DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Aug 28, 2014 04:37 PM CDT


It looks like cattle buyers will be working on Friday after all. Little was accomplished today in terms of procurement. A few pens in the North traded as high as $243, but for the most part the market simply wasn't tested. Most packers stayed far away from asking prices of $155-plus in the South and $245-plus in the North. According to the closing report, the Iowa hog base (very lightly tested) is $1.91 lower compared with the Prior Day settlement ($89.00-$91.00, weighted average $90.60). Corn futures settled 4-5 cents lower, supported by buying in the wheat trade ...

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