The cash cattle trade remained untested at midweek with just a few preliminary bids thrown on the table. For example, Northern producers saw bids around $232 to $233, well below general asking prices of $237 to $238. According to the closing report, the Iowa hog base is $0.48 higher compared with the Prior Day settlement ($105.00-$124.00, weighted average $116.20). Corn futures rose again, up 7 1/4 in May, up 7 1/2 in July, up 8 1/4 in Sep and up 8 3/4 in Dec.
Futures closed higher, up 12 to 52. Live cattle futures ...