NEWS
DTN Midday Livestock Comments
John Harrington DTN Livestock Analyst
Fri Feb 1, 2013 11:39 AM CST

GENERAL COMMENTS:

Cattle buying interest is light to moderate, but not good enough to generate any business so far. Packer bids are around $125 in the South and mostly $200 in the North. We expect significant trade volume to develop over the next several hours as packers move closer to higher asking prices (i.e. $126-plus in the South and $203-plus in the North.) According to the midday report, the Iowa hog base is $3.04 lower compared with the Prior Day settlement ($85.75-86.00, weighted average $85.87). Corn futures are modestly higher at midday, up 1 to 2 cents.

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