NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue Dec 4, 2012 03:38 PM CST

GENERAL COMMENTS:

Activity through the cash cattle markets remains undeveloped with not even token bids developing from packers. Packers remain aggressively focused on reducing procurement spending, and the lack of support in wholesale values is adding even more pressure to margins. At this point, feeders are unwilling to blink with cattle priced at $128 and higher in the South and $203 and higher in the North. According to the closing report, the Iowa hog base closed 1.15 higher compared with the Prior Day settlement ($71.00-$87.99, weighted average $85.65). Corn futures closed lower, down 2 cents in the December contract ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock