The cash cattle trade was barely tested today with just a few dressed sales reported in parts of Kansas, Nebraska and Iowa. Some feedlots sold cattle at $195, $3 lower than Wednesday's market and nearly $8 lower than a week ago. According to the closing report, the Iowa hog base closed $0.73 lower compared with the Prior Day settlement ($78.00-$89.50, weighted average $85.74). The corn market settled modestly higher, up 2 to 4 cents.
Futures closed mixed, mostly lower, down 15 to 165. Although live cattle futures settled on a mixed basis, nearby contracts ...