NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Dec 5, 2012 05:14 PM CST

GENERAL COMMENTS:

With the exception of a few starter bids scattered across the feeding area (i.e., $123 in parts of the South, $196 in parts of the North), the cash cattle market remained extremely quiet. Asking prices were generally firm near $128 in the South and $203-plus in the North. According to the closing report, the Iowa hog base closed .38 higher compared with the Prior Day settlement ($72.00-86.50, weighted average $85.99). Corn futures popped 3-6 cents higher, supported by bullishness in the soy complex. The Dow and S&P sold off late in the session but still finished higher, ...

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