According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is 1.15 lower ($116.00 to $134.00, weighted average $126.64). Corn futures were lower Tuesday, down 3 1/2 in the May, down 3 1/4 in the July and down 1 1/2 in the December.
Futures closed higher, steady to up 42. Live cattle futures posted narrow gains following back-and-forth market shifts seen during the session. Moderate to active pressure quickly developed at midday, following losses in boxed beef prices following the morning report. But this pressure was not ...