According to the closing report, the Iowa hog base closed $0.09 lower compared with the Prior Day settlement ($90.00-$101.00, weighted average $99.81). Corn futures closed higher on acreage uncertainties. July was 4 3/4 higher; September 10 1/4 higher; December and March 12 higher.
Futures closed lower, down 7 to 32. Nearby live cattle futures eroded at the end of the trading session, with June futures closing at $119.50 per cwt, after a 32-cent per cwt loss. The early support seen in the market seemed to slowly leach away following the lack of support of ...