NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Apr 16, 2013 04:22 PM CDT

GENERAL COMMENTS:

Cattle buying inquiry was light at best with bids safely held far away from firm asking prices around $128-$129 in the South and $205-plus in the North. According to the closing report, the Iowa hog base closed 0.86 higher compared with the Prior Day settlement ($66.00-$80.50, weighted average $79.21). The corn market bounced significantly higher, regaining 8-16 cents lost in Monday's price drop sparked by adverse outside markets. The stock market finished near session highs, recovering losses from their biggest one-day drop this year. Buying was encouraged by a batch of upbeat earnings results and some better-than-expected ...

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