NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Apr 1, 2014 03:45 PM CDT

GENERAL COMMENTS:

The cash cattle trade remained dead in the water with neither bids nor asking prices well defined. Several feedlot managers suggested asking prices around $153 in the South and $246-plus in the North. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $1.77 higher ($113.00 to $131.00, weighted average $129.70). Corn futures gapped higher, extending the post plantings/stocks report rally by roughly 5-7 cents. Stocks kicked off the second quarter with solid gains with the S&P 500 setting a fresh intraday record following a batch of positive economic ...

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