NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jul 17, 2013 03:44 PM CDT

GENERAL COMMENTS:

The cash cattle trade was not tested at midweek with both bids and asking prices poorly defined. A few cattle buyers in the South surfaced briefly with bids of $117, far below nominal asking prices of $122-plus. According to the closing report, the Iowa hog base closed $0.55 higher compared with the Prior Day settlement ($85.50-$102.48, weighted average $99.07). Corn futures closed lower, down 6 3/4 in the September and down 8 3/4 in the December.

LIVE CATTLE:

Futures closed lower, down 77 to 115. Although live cattle futures opened on a mixed basis, selling interest ...

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