NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Feb 12, 2014 04:07 PM CST

GENERAL COMMENTS:

The cash cattle trade was not tested today with bids and asking prices poorly defined. Despite being short-bought, packers remain cautious in the face of defensive wholesale beef prices. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $0.22 higher ($75.00 to $85.75, weighted average $83.64). Corn futures closed mixed, down about 1 cent in the old-crop contracts, steady to 2 higher in the new crop.

LIVE CATTLE:

Futures closed lower, down 440 to 70. Live cattle settled moderately lower today, pressured by profit-taking and signs of ...

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