DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Jan 22, 2013 04:08 PM CST


The fed cattle trade was not tested Tuesday with both bids and asking prices poorly defined. Some steers and heifers were priced around $127 in the South and $200-plus in the North. According to the closing report, the Iowa hog base closed .70 higher compared with the Prior Day settlement ($74.50-$89.00, weighted average $86.48). Although corn futures traded several cents higher for most of the session, supported by aggressive buying in the bean pit, late buying and long liquidation left contracts no better than mixed on the close. Stocks reversed earlier losses to settle higher for a ...

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