Light to moderate trading developed in parts of the Southern tier of cattle feeding country. Most live sales were marked at $119, $1 lower than last week. However, the North remained untested with most sellers passing bids as high at $194. According to the closing report, the Iowa hog base closed 1.31 higher compared with the Prior Day settlement ($90.00-102.00, weighted average $101.22). The corn market closed 5 1/2 cents higher in the spot July, basically steady in all other contracts.
Futures closed higher, up 5 to 52. Live cattle settled moderately higher, supported ...