DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu May 2, 2013 04:17 PM CDT


Moderate feedlot business developed in parts of Nebraska and Iowa. Dressed deals ranged from $206-$208 with most of the trade volume linked to $207, $3 higher than last week's weighted average basis Nebraska. Some clean-up biz was turned in at $128.50-$129 basis Kansas and $131 basis Colorado. According to the closing report, the Iowa hog base closed 0.37 lower compared with the Prior Day settlement ($74.00-$91.00, weighted average $87.31). The corn market jumped sharply higher (i.e., up 8-15 cents), powered by old-crop buying on tight supply fears. The stock market finished near a session high as Wall ...

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