DTN Closing Livestock Comments
Rick Kment DTN Analyst
Tue Jun 11, 2013 04:16 PM CDT


Cash cattle trade remains undeveloped through the day Tuesday with most trade likely to be pushed until later in the week. Bids started to be seen in the South at $120 per hundredweight. But these bids are likely to get very little attention, still well below asking prices. According to the closing report, the Iowa hog base closed $1.78 higher compared with the Prior Day settlement ($85.00-$103.00, weighted average $99.92). The corn market closed generally 4 to 9 cents higher, following moderate support as buyers step back into the market following Monday's losses. Stocks closed sharply lower. ...

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