According to the closing report, the Iowa hog base closed 0.53 lower compared with the Prior Day settlement $76.00-$89.00, weighted average $87.70). Corn futures were mostly lower, with the December down 5 1/2 and March down 5 1/4. Spot September was up 4 1/2.
Futures closed higher, up 15 to 37. Live cattle futures held moderate strength through most of the trading session. August contracts are nearly dead in the water as the issue is delivery, but prices gained 35 cents per cwt based on expected short-term beef market support. The October closed just ...