NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jan 30, 2013 04:06 PM CST

GENERAL COMMENTS:

Light to moderate cattle trade developed in parts of the South with most live sales marked at $125, $3 higher than last week. Activity in Kansas seemed to be more significant than that seen in Texas. On the other hand, packer demand in the North was very limited with significant trade volume in that region probably delayed until Thursday or Friday. According to the closing report, the Iowa hog base closed $2.33 higher compared with the Prior Day settlement ($76.00-$89.50, weighted average $86.79). Corn futures rose moderately with March up 10 3/4 and May up 11.

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