NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Apr 29, 2014 04:21 PM CDT

GENERAL COMMENTS:

The cash cattle market was not tested with both bids and asking prices poorly defined. A few steers and heifers were offering around $148 in the South and $238 in the North. According to the closing report, the Iowa hog base is $1.06 lower compared with the Prior Day settlement ($105.00-$114.00, weighted average $111.06). The corn trade closed mostly 5-8 cents higher, supported by slow planting progress and forecasts for more adverse weather in that regard. Stocks finished higher with the Dow approaching a record high, as investors cheered a round of better-than-expected quarterly earnings (e.g., Merck, ...

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