NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Dec 26, 2012 04:26 PM CST

GENERAL COMMENTS:

The cash cattle trade was poorly defined through the days with both buyers and sellers slow in putting on their work clothes. New showlists appear to be generally smaller, especially in Texas. Preliminary asking prices were around $129-plus in the South and $205-plus in the North. According to the closing report, the Iowa hog base closed $2.10 compared with the Prior Day settlement ($68.00-$84.00, weighted average $80.22). Corn futures settled 9-11 cents lower, pressured by long liquidation and a general lack of buying interest. Stocks eased off their lows but still finished in the red, extending losses ...

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