NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue May 14, 2013 04:55 PM CDT

GENERAL COMMENTS:

The cash cattle trade was about as dead as it gets with both bids and asking prices poorly defined. According to the closing report, the Iowa hog base closed $1.82 higher compared with the Prior Day settlement ($85.00-$93.01, weighted average $90.04). Corn futures lost 1-3 cents lower in the main, checked by profit taking in the wake of Monday's substantial rally. The stock market closed at fresh all-time highs, led by big gains in financials, after widely followed hedge fund manager David Tepper said he is "definitely bullish" on stocks. The Dow closed 123 points higher with ...

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