NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Wed May 21, 2014 03:28 PM CDT

GENERAL COMMENTS:

According to the closing report, the Iowa hog base is 1.57 lower compared with the Prior Day settlement ($106.50-$112.50, weighted average $109.64). Corn futures closed mixed, up 1 in the July, up 1/4 in the September and down 1/4 in the December.

LIVE CATTLE:

Futures closed mixed, up 25 to down 50. Initial buyer support seen Wednesday morning eventually eroded to a mixed close. Traders seek additional direction from cash markets, boxed beef values, and outside market activity. Nearby contracts closed lower, as uncertainty about short-term demand remains a concern. Deferred futures are trying to keep ...

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