NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Dec 11, 2013 03:50 PM CST

GENERAL COMMENTS:

A few cattle buyers threw out some opening bids today (e.g., $129 in the South, $206 in the North), but for the most part, packer appetite remained poorly defined. Some showlists were priced $134 in the South and $210-$212 in the North. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is $1.21 higher ($70.00 to $80.00, weighted average $78.63). Corn futures settled 2-3 cents higher, supported by short covering and technical buying. Stocks dropped sharply for a second session with the S&P 500 and Nasdaq seeing their biggest ...

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