NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon Apr 1, 2013 04:11 PM CDT

GENERAL COMMENTS:

The cash cattle trade was limited in the early rounds to the distribution of new showlists. Ready numbers appear to be generally larger with only Nebraska showing a few less steers and heifers for sell. According to the closing report, the Iowa hog base closed .69 higher compared with the Prior Day settlement ($67.00-$78.50, weighted average $77.14). Follow-through selling and ideas of sufficient old-crop supplies caused nearby corn contracts to plummet another 49 to 53 cents lower. On the other hand, new-crop bearishness seemed to moderate as the session wore on. The stock market kicked off the ...

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