NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Feb 21, 2013 04:34 PM CST

GENERAL COMMENTS:

While cattle country was largely paralyzed by the major snow storm, several thousand steers and heifers were reported in Nebraska and Iowa at $195-$196 (i.e., stead/weak with last week, but not enough for a true test). According to the closing report, the Iowa hog base closed 0.69 lower compared with the Prior Day settlement ($68.50-$79.00, weighted average $77.78). The corn market slumped 9-10 cents lower, pressured by ideas that so-called Winter Storm Q was just another constructive step in breaking the drought cycle. Stocks were sharply lower for most of the session, pressured by disappointing economic reports ...

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