NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Jan 17, 2013 04:50 PM CST

GENERAL COMMENTS:

The cash cattle trade was very slow with just a small handful of sales reported in parts of the North (i.e., $197.50/$123.50). Buyers started the day in a cautious frame of mind but virtually disappeared once the board hit the skids. According to the closing report, the Iowa hog base closed $1.82 higher compared with the Prior Day settlement ($75.00-$89.50, weighted average $86.66). The corn market settled generally 4-7 cents lower, pressured by profit taking as well as selling in beans and wheat. The stock market ended sharply higher with the S&P 500 at its best level ...

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