DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri Jan 25, 2013 03:41 PM CST


Besides a few clean-up deals, the cash cattle market was extremely quiet. Even though trade volume totals looked relatively small (especially in the South), packers were apparently content with procurement efforts and results. According to the closing report, the Iowa hog base closed $1.88 lower compared with the Prior Day settlement ($79.00-$89.50, weighted average $85.78). Corn futures drifted several cents lower as another round of dismal export business offset any potential help from higher bean and wheat prices. The stock market closed higher, boosted by a batch of upbeat corporate earnings reports. The S&P 500 ending above ...

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