NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu May 1, 2014 04:38 PM CDT

GENERAL COMMENTS:

Other than smatterings of preliminary bids here and there (i.e., $142 in the South, $232-$236 in the North), feedlot country remained very quiet. Higher asking prices of $148 in the South and $237-$238 in the North seemed to be girded by an impressive rally in cattle futures. According to the closing report, the Iowa hog base is 0.35 higher compared with the Prior Day settlement ($107.00-$114.50, weighted average $112.50). The corn pit sank 8-12 cents on the close, pressured by sharp losses in the bean trade, commercial selling, and forecasts for more favorable planting conditions next week. ...

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