Cattle country was very quiet Tuesday. A few feedlots suggested asking prices of $125-plus in the South and $196 to $198 in the North. According to the closing report, the Iowa hog base closed $1.15 higher compared with the Prior Day settlement $75.00-$95.00, weighted average $92.41). Spot September corn fell 2 1/2 cents while the rest of the contracts rose 5 1/4 to 5 1/2 cents.
Futures closed lower, down 7 to 32. October live cattle futures led the market lower, falling 32 cents per cwt by the end of the session. Front-month futures ...