According to the closing report, the Iowa hog base closed .25 lower compared with the Prior Day settlement ($70.00-$80.00, weighted average $78.03). Corn futures closed higher, up 3 1/4 to 7 1/2.
Futures closed mostly lower, down 7 to 45. Spot April closed up 15. April live cattle futures bounced higher in late-day trade. The entire live cattle complex remained contained in a narrow to moderate trading range through most of the session. Most of the developing pressure in the live cattle markets was seen in deferred contracts (late 2013 and early 2014). The ...