NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon Jul 1, 2013 04:07 PM CDT

GENERAL COMMENTS:

The fed cattle trade was typically limited to the distribution of showlists. Ready numbers are mixed (larger in Texas and Nebraska, but smaller in Kansas and Colorado. Generally speaking, the new offering looks about steady with last week. Few showlists are priced around $122 in the South and $195 to $196-plus in the North. According to the closing report, the Iowa hog base closed 0.73 higher compared with the Prior Day settlement ($93.50-102.75, weighted average $99.48). The corn market imploded, pressured by technical selling and fears of a bumper crop in the making. Contracts closed generally 7 ...

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