DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Mar 6, 2013 04:13 PM CST


Light to moderate trade volume surfaced in Kansas and Texas with most steers and heifers marked at $128, steady with last week. Scatter business was also reported in parts of Nebraska at $203-204, steady/firm with last week's weighted average. Some producers with hedged cattle quickly dropped higher asking prices once futures plunged and attractive basis levels became available. According to the closing report, the Iowa hog base closed 0.68 higher compared with the Prior Day settlement ($62.00-79.75, weighted average $77.48). Old-crop corn futures imploded by 14 to 24 cents, smashed by aggressive commercial selling. Equities ended higher ...

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