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


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
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
Amazon Deforestation and Ag-4
DTN Before The Bell-Livestock
The Market's Fine Print
DTN Before The Bell-Livestock