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

GENERAL COMMENTS:

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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