NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Nov 19, 2013 04:20 PM CST

GENERAL COMMENTS:

While the odds were poor that we would trade cattle Tuesday even before the sun came up, cash business potential completely dried up once the board started to fall apart. With both packers and feedlot managers puzzled by the extreme bearishness of futures, few felt comfortable in suggesting either bids or asking prices. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $1.32 higher ($65 to $83, weighted average $79.53). The corn futures finally caught a short-covering bounce with most contracts closing 4-5 cents higher. U.S. stocks posted ...

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