NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Wed Apr 24, 2013 04:54 PM CDT

GENERAL COMMENTS:

Packer inquiry in feedlot country staged a modest improvement. At least by midday, there were more bids on the table (e.g., $123-$124 in the South, $125 in the North). Yet sellers never appeared to be at risk to temptation, holding even faster to higher asking prices (i.e., $128-plus in the South, $205-plus in the North) as the board moved higher and higher. According to the closing report, the Iowa hog base closed $1.10 higher compared with the Prior Day settlement ($70.00-$83.00, weighted average $80.87). Corn futures recovered by 1-8 cents with new-crop issues regaining some ground on ...

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