NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Nov 27, 2012 04:26 PM CST

GENERAL COMMENTS:

According to the closing report, the Iowa hog base closed $2.05 higher compared with the Prior Day settlement ($74.00-80.00, weighted average $78.98). Activity is feedlot country was extremely limited with virtually no bids and just a few suggestions of higher asking process of $130-plus in the South and $205-plus in the North. Corn futures bolted nearly 13 cents higher in the first four contracts, jazzed by exploded wheat prices tied to dryness and growing concerns. Stocks sold off late after Senate Majority Leader Reid said he is disappointed with the little progress made in the recent debt ...

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