The fed cattle trade was not tested today with just a few bids of $121 noted in parts of the South. Asking prices remained firm at $125 in the south and $196-plus in the North. According to the closing report, the Iowa hog base closed 99 cents higher compared with prior day settlement $83-$98 (weighted average $97.23) Corn futures settled 2-3 cents lower, checked by prospects of accelerating harvest over the next several weeks. The Dow closed 35 points in the black with the Nasdaq up 28.
Futures closed off 15-60. Live cattle contracts ...