DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon May 6, 2013 04:43 PM CDT


Activity in feedlot country was limited to the distribution of new showlists. Ready numbers are somewhat larger than the previous week. Asking prices were poorly defined, though a few preliminary suggestions were as much as $9-$10 over spot June. According to the closing report, the Iowa hog base closed 0.66 higher compared with the Prior Day settlement ($75.00-$91.00, weighted average $88.75). The corn market closed sharply lower (off mostly 14 to 24 cents lower), pressured by more promising weather forecasts relative to planting progress potential. The stock market finished on a lackluster basis as trading was largely ...

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