NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Jul 18, 2013 03:42 PM CDT

GENERAL COMMENTS:

The cash cattle trade remained in shutdown mode with just a few preliminary bids scattered across the feeding area (e.g., $117 in the South, $190-$191 in the North). It's possible that significant trade volume may not develop until the after the release of the monthly on-feed report Friday afternoon at 2 p.m. CDT. According to the closing report, the Iowa hog base closed $0.54 higher compared with the Prior Day settlement $83.00-$100.00, weighted average $99.44). Though corn futures closed mostly a penny or so higher, nearly all contracts ended near session highs thanks to late short covering ...

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