DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu May 22, 2014 03:59 PM CDT


Light to moderate trade volume surfaced in most areas of feedlot country. Live business in the South (mostly Kansas) was marked at $143 to $144, generally $1-$2 lower than the prior week. On the other hand, dressed deals in the North ranged from $232 to $234, steady/weak with the previous weighted average basis Nebraska. According to the closing report, the Iowa hog base is $1.23 lower compared with the Prior Day settlement ($101.00-$109.50, weighted average $108.37). The corn pit settled 1-2 cents higher, helped a bit by spillover bullishness from the bean market. U.S. stocks rose modestly ...

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