NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Mon Jan 28, 2013 03:38 PM CST

GENERAL COMMENTS:

Cash cattle trade was typically quiet Monday. According to the closing report, the Iowa hog base closed $0.16 higher compared with the Prior Day settlement ($79.00-$89.00, weighted average $85.93). Corn futures rose moderately, up 6 1/4 to 8 1/2.

LIVE CATTLE:

Futures closed higher, up 147 to 265. Live cattle futures posted sharp, post-report gains Monday with all contracts through August surging more than $2 per cwt higher. Although these nearby contracts did not test the daily limit, the focus on tighter cattle supplies over the near future and expectations of moving additional beef to Japan ...

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