NEWS
DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue Mar 12, 2013 03:26 PM CDT

GENERAL COMMENTS:

Cash cattle trade remains at a standstill. According to the closing report, the Iowa hog base closed $0.83 higher compared with the Prior Day settlement ($67.00-76.00, weighted average $74.87). Corn futures closed 3 to 6 1/2 higher.

LIVE CATTLE:

Futures closed higher, up 45 to 62. Live cattle futures posted solid gains Tuesday, but were unable to hang onto the momentum seen through early trade. Nearby contracts posted gains of 45 to 62 cents per cwt with regularity, which confirmed April live cattle futures' ability to hold above $128 per cwt. Beef cut-outs: higher, up 0.10 ...

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