NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Mar 5, 2013 04:49 PM CST

GENERAL COMMENTS:

Feedlot country remained at a standstill through the day with neither bids nor asking prices well defined. A few showlists were priced around $130-plus in the South and $207-plus in the North. According to the closing report, the Iowa hog base closed 0.01 higher compared with the Prior Day settlement ($62.00-$78.00, weighted average $76.82). Corn futures closed mostly 1 to 9 cents higher, powered by bull spreading and further commercial buying. The Dow Jones Industrial Average pierced through levels last seen in 2007 to close at a record high, supported by an upbeat ISM non-manufacturing index and ...

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