NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Feb 7, 2013 03:59 PM CST

GENERAL COMMENTS:

The apathy display by cattle buyers so far this week has taken "standoffish" to a new level. Even throwaway bids have been extremely rare. Something will have to change Friday as still reluctant buyers are forced to cover at least minimum slaughter needs. A few asking prices were restated at $127 to $128 in part of the South, $203 to $205 in parts of the North. According to the closing report, the Iowa hog base closed $2.75 lower compared with the Prior Day settlement ($78.00-88.50, weighted average $84.75). The corn market closed sharply lower, off 10 to ...

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