Activity in the cash cattle trade was limited to the distribution of new showlists. The supply of ready cattle in mid-July appears to be smaller than the previous week, especially in Texas and Nebraska. Preliminary asking prices are around $122 in the South and $196-plus in the North. According to the closing report, the Iowa hog base closed $2.44 lower compared with the Prior Day settlement ($92.73-$101.00, weighted average $97.81). Corn futures closed lower again, down 5 3/4 in the Dec and March and down 9 1/4 in the September.
Futures closed higher, up ...