DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed May 15, 2013 04:29 PM CDT


Although a few more packer bids were placed on the table (i.e., $124 in the South, $198-$200 in the North), the cash cattle trade remained dead quiet as feedlot managers easily passed such token efforts. Asking prices remained firm at $127-$128 in the South and $205-plus in the North. According to the closing report, the Iowa hog base closed $1.72 higher compared with the Prior Day settlement ($79.00-$92.00, weighted average $91.50). Corn futures finished mostly 5-6 cents lower, curbed by selling in the wheat pit and the strengthening U.S. dollar. Stocks regained their footing in choppy trading ...

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