DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon Aug 26, 2013 04:40 PM CDT


Activity in cattle country was limited to the distribution of new showlists. The late-August offering is larger than last week, especially in Kansas. Some feedlot managers suggested initial asking prices around $125-plus in the South and $200-plus in the North. According to the closing report, the Iowa hog base closed 0.18 lower compared with the Prior Day settlement $78.00-$95.00, weighted average $89.97). The corn trade exploded higher thanks to Pro Farmer's bullish production estimate, sizzling hot late-summer temperatures, and surging bean prices. Generally speaking, contracts spiked 20-30 cents higher. The stock market reversed earlier gains in the ...

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