NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Feb 20, 2014 03:56 PM CST

GENERAL COMMENTS:

While cattle buyers renewed bids generally steady with last week's trade (i.e., $142 in the South, $224-$225 in the North), they were reluctant to move closer to higher asking prices of $145 in the South and $230-plus in the North. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $2.82 higher ($88.00 to $93.75, weighted average $92.90). Corn futures finished generally 2 cents higher, closing at the highest price levels seen in nearly five months. Much of the credit went to evidence of strong export demand. The stock ...

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