NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Jan 31, 2013 04:20 PM CST

GENERAL COMMENTS:

According to the closing report, the Iowa hog base closed $2.05 lower compared with the Prior Day settlement ($77.00-$91.00, weighted average $88.89). The cash cattle trade was a no-show today with just the slight scattering of packer bids (i.e., $198-$199 in the North, $125 in the South). Clearly, buyers felt trapped between tight feedlot offerings and struggling demand for boxed beef. Corn futures closed narrowly mixed with old-crop prices marginally higher and new-crop contracts 1-2 cents lower. The stock market closed lower, pressured by a batch of disappointing corporate earnings and a rise in first-time jobless claims. ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
The Market's Fine Print
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
Safety Measures Being Taken