NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Mar 20, 2013 04:29 PM CDT

GENERAL COMMENTS:

The feedlot market was limited to scattered sales of steers and heifers near steady with Tuesday's decline (i.e., $124 in parts of Texas, $124.50-$125 in parts of Nebraska). According to the closing report, the Iowa hog base closed $1.34 lower compared with the Prior Day settlement ($62.50-$74.00, weighted average $72.07). Corn futures ended 4-5 cents higher, supported by better buying interest in what and beans. Equities finished higher, supported as the Federal Reserve reaffirmed its policies on bond purchases and record-low interest rates. The Dow closed 55 points in the black with the Nasdaq up 10.

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