NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Mar 7, 2013 03:51 PM CST

GENERAL COMMENTS:

A light round of cattle trade developed in parts of Nebraska, Iowa, and Kansas. Prices were generally steady with the steady/firm market that surface on Wednesday (i.e., $203-$204 dressed, $128 live). According to the closing report, the Iowa hog base closed $2.42 lower (on light receipts) compared with the Prior Day settlement ($63.00-$79.00, weighted average $75.64). Old-crop corn futures settled 1-3 cents higher, supported by short covering and spillover strength from the wheat pit. The stock market stayed on its record-setting roll with the Dow posting fresh all-time highs for the third-straight day. Wall Street was generally ...

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