NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Feb 19, 2013 03:34 PM CST

GENERAL COMMENTS:

The cash cattle arena was as dead as a doorknob with both bids and asking prices poorly defined. A few showlists appear to be priced $125-$126 on a live basis. According to the closing report, the Iowa hog base closed $1.73 lower compared with the Prior Day settlement ($69.00-80.50, weighted average $79.15). Corn futures finished 4-6 cents lower, apparently bothered more by sliding wheat prices than inspired by the soaring bean market. The stock market finished modestly higher across the board with the Dow and S&P 500 scoring fresh five-year highs. Floor sources credited the optimism in ...

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