DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon Jun 17, 2013 04:26 PM CDT


The cash cattle market was limited to early week mechanics as feedlot managers distributed new showlists. The Texas offering looks about steady. But ready numbers are greater elsewhere, especially Kansas. A few asking prices surfaced around $122-$124 in the South and $197-$198 in the North. According to the closing report, the Iowa hog base closed $1.74 higher compared with the Prior Day settlement ($90.50-$102.00, weighted average $99.97). Corn futures finished generally 5-13 cents higher with old-crop contracts attracting the most buying interest. The unexpected strength seemed to spark from better-than-expected export inspections and some rumors of more ...

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