A light to moderate cattle trade developed in Kansas and Texas with live business marked at $127, $1 lower than last week. On the other hand, the North was not tested as feedlots continued to hold for steady to higher prices. According to the closing report, the Iowa hog base closed 1.96 higher compared with the Prior Day settlement ($66.00-$83.00, weighted average $82.03). Corn futures closed modestly higher, up 4 to 5 cents. Wednesday's USDA Supply and Demand report showed less carryover stocks than the trade had anticipated.
Futures closed lower, down 145 to ...