According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is 1.43 lower ($63.00 to $79.00, weighted average $76.79). Corn futures closed modestly lower, down 1 3/4 in the March and May and down 1 1/2 in the July.
Futures closed lower, down 52 to 80. Moderate to sharp losses developed in live cattle futures as traders followed the direction of feeder cattle futures. Trade volume remained light and the lack of buyer support across the cattle complex allowed markets to drift lower with increasing speed. December ...