NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri May 2, 2014 04:03 PM CDT

GENERAL COMMENTS:

Light to moderate cash cattle trade developed Friday afternoon with packers reluctantly covering short-term slaughter needs. Most dressed sales in the North were marked at $238, approximately $3 higher than last week's weighted average basis Nebraska. Live business in the South took place at mostly $146, steady to $1 higher than last week's market. According to the closing report, the Iowa hog base is 0.46 lower compared with the Prior Day settlement ($104.00-$114.50, weighted average $112.33). Corn futures closed moderately lower, down 9 1/4 in May, down 7 1/2 in July, down 6 1/4 in Sep and ...

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