NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu May 23, 2013 04:17 PM CDT

GENERAL COMMENTS:

Cash activity in cattle country was limited to scattered sales in the North at $202 and in the South at $124. According to the closing report, the Iowa hog base closed .20 lower compared with the Prior Day settlement ($83.78-92.50, weighted average $90.37). Corn futures settled generally 3-4 cents higher, supported by stronger action in the wheat pit. The stock market closed modestly lower, rebounding sharply in a volatile session as traders weighed better U.S. economic data (e.g., initial jobless claims fell to 340,000 for the week ended May 18 from 363,000 the prior week; new home ...

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