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.
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 ...