NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Dec 10, 2013 04:13 PM CST

GENERAL COMMENTS:

The cash cattle trade was dead in the water with bids undetected and asking prices existing in little more than theory (e.g., around $134 in the South and $210-$212 in the North). According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $1.86 lower ($75.00 to $78.00, weighted average $77.56). Despite the lower of the carryout, corn futures closed 1-2 cents lower, possibly pressured by further weakness in the wheat market. Note that negotiated carcass based trade volume was extremely low at 879 head. Equities fell on as investors ...

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