NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu May 16, 2013 03:45 PM CDT

GENERAL COMMENTS:

Light to moderate cattle trade surfaced this morning in parts of Texas with live sales marked at $125, $1 lower than last week. Additionally a few deals were turned in the late round at $125 in Colorado (compared with last week's weighted average in that state of $126.43). Elsewhere the cash market remained at a standstill. At least $4-$5 separated dressed bids (i.e., $198-$200) from dressed asking prices (i.e., $203-$205). According to the closing report, the Iowa hog base closed $2.62 lower compared with the Prior Day settlement ($85.47-$91.50, weighted average $88.83). Corn futures faltered by 7-9 ...

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