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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock
DTN Before The Bell-Livestock