NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Aug 22, 2013 03:56 PM CDT

GENERAL COMMENTS:

The cash cattle trade never got off the ground with packers showing fewer bids than Wednesday. Asking prices remained firm at $125-$126 in the South and $200 to $202-plus in the North. According to the closing report, the Iowa hog base closed $1.82 lower compared with the Prior Day settlement $79.00-$92.50 (weighted average $90.39). Corn futures plummeted 10-18 cents, torpedoed by reports of better-than-expected rainfall in parts of the Western Corn Belt (as well as more rains farther east). The stock market finally stopped the bleeding and closed higher with the major averages holding onto their gains ...

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