DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Mar 28, 2013 04:14 PM CDT


Beef processors turned aggressive cattle buyers with significantly higher bids working to attract decent selling interest. Moderate trade volume in the South was marked at $127-$128 on a live basis, $2-$3 higher than last week. Fairly active dressed business in the North ranged between $203 and $205, $7-7 higher than last week's weighted average basis Nebraska. According to the closing report, the Iowa hog base closed 1.37 higher compared with the Prior Day settlement ($70.74-78.00, weighted average $75.75). The corn market crashed in the face of a bearish grain stocks report, one that estimated the March 1 ...

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