NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Jan 22, 2014 03:59 PM CST

GENERAL COMMENTS:

The cash cattle trade jumped sharply higher at midweek as short-bought packers almost ran around in panic clutching blank checks. The best movement surfaced in the North where dressed prices shot $11-$13 higher (i.e., mostly $239-$240). Most live deals in the region were market at $150, $6 higher than the previous week. Business in the South surfaced earlier at $147 ($5 higher), but selling interest soon dried up once area feedlot managers heard reports of more aggressive spending in the North. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted ...

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