DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Aug 20, 2013 03:40 PM CDT


The phrase "dead as a doornail" probably overstates activity in Tuesday's cash cattle market. Neither buyers nor sellers lent significant definition to price potential. If pressed, a few feedlot managers priced ready steers and heifers around $125-plus in the South and $202-plus in the North. According to the closing report, the Iowa hog base closed .02 lower compared with the Prior Day settlement $90.00-$95.00 (weighted average $93.47). Profit taking surfaced in the corn market following Monday's sharp rally, clipping contracts by 8 to 10 cents. Although the stock market traded higher for most of the session, prices ...

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