Light to moderate cattle trading surfaced in parts of the South at $124, $1 lower than last week. Attractive basis opportunities caused some risk managers to lower initial asking prices. In other areas, the cash trade remained at a standstill with bids and asking prices separated by as much as $4 to $5. According to the closing report, the Iowa hog base closed $4.93 lower compared with the Prior Day settlement ($82.00-91.50, weighted average $87.09). Corn futures closed higher, up 96 to 184.
Futures closed lower, down 87 to 115. Live cattle traders quickly ...