NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue May 21, 2013 03:24 PM CDT

GENERAL COMMENTS:

According to the closing report, the Iowa hog base closed $1.75 higher compared with the Prior Day settlement ($82.00-93.00, weighted average $92.09). Corn futures closed mixed, down 7 3/4 to 9 1/2 in the old crop contracts, steady to fractionally higher in the new crop.

LIVE CATTLE:

Futures closed higher, up 97 to 130. Strong support developed in the live cattle futures market following triple-digit gains in the feeder cattle market as well sharp early losses in the corn market. June live cattle futures bounced above $121 per cwt, after a 97-cent per cwt rally. All ...

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