NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Apr 2, 2013 04:05 PM CDT

GENERAL COMMENTS:

According to the closing report, the Iowa hog base closed 0.88 higher compared with the Prior Day settlement ($68.00-$79.99, weighted average $77.99). The cash cattle trade remained dormant with packer bids unvoiced and higher asking prices only assumed (e.g., $130-plus in the South, $207-plus in the North). For the most part, corn futures finished modestly higher, supported by short covering and ideas that post report selling had become overblown. Equities closed in positive territory with the Dow and S&P 500 both closing at record highs, boosted by gains in the health care sector. The Dow settled 89 ...

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