NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri Feb 1, 2013 04:01 PM CST

GENERAL COMMENTS:

Light to moderate cash cattle trading surfaced in parts of the North this afternoon with most dressed sales marked at $202, $4 higher than last week's weighted average basis Nebraska. Elsewhere, late-week business was at a standstill. Final trade volume totals look rather limited, clearly a function of eroding carcass value and poor processing margins. According to the closing report, the Iowa hog base closed $0.23 higher compared with the Prior Day settlement ($80.50-$92.50, weighted average $89.14). Corn futures closed lower in the old crop, down about 4 cents, and up 1 in new-crop issues.

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