NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue May 6, 2014 03:20 PM CDT

GENERAL COMMENTS:

According to the closing report, the Iowa hog base is $0.73 higher compared with the Prior Day settlement ($104.00-$115.00, weighted average $113.72). Corn futures rose moderately, up 9 1/4 to 9 3/4 across the board.

LIVE CATTLE:

Futures closed higher, up 67 to 77. Moderate gains held through live cattle futures Tuesday following the strong support seen in feeder cattle futures. June live cattle futures posted a 77-cent per cwt gain at closing bell, closing at $138.30 per cwt. Early support came under pressure in late afternoon trade as any fundamental or technical support seen early ...

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