NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Aug 1, 2013 05:03 PM CDT

GENERAL COMMENTS:

Light cattle trading developed in parts of the South at $119, steady with last week. On the other hand, the North remained untested with feedlot managers essentially ignoring bids as high as $193. Nominal asking prices remained firm at $121-plus in the South and $197-plus in the North. According to the closing report, the Iowa hog base closed $2.03 higher compared with the Prior Day settlement $84.00-$101.51, weighted average $99.47). Corn prices imploded in the face of ideal growing weather through much of production country. Contracts closed generally 9 to 12 cents lower with charts suffering significant ...

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