NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Apr 17, 2013 03:39 PM CDT

GENERAL COMMENTS:

The fed cattle trade remained grounded throughout the day as impressive strength in futures encouraged producers to dig in their heels in terms of higher asking prices (i.e., $128-plus in the South, $205-plus in the North. According to the closing report, the Iowa hog base closed .61 lower compared with the Prior Day settlement ($66.00-$80.00, weighted average $78.72). New crop corn futures finished 6-7 cents higher, support by fears of planting delays. The stock market closed significantly lower, pressured by a batch of weaker-than-expected earnings. The Dow settled off 138 points with the Nasdaq down 59.

LIVE ...
Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
DTN's Livestock Quick Takes
Two COOL Bills Introduced in Senate
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
China Culled 20% of Hog Herd