NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Jan 21, 2014 05:08 PM CST

GENERAL COMMENTS:

The cash cattle trade was not tested Tuesday with just a few preliminary bids floated around the circuit (e.g., $141 basis Kansas). A few asking prices were identified around $144 to $145 in the South and $230 to $232-plus in the South. According to the closing report, the Iowa hog base compared with the Prior Day's closing weighted average is .70 higher ($67.00 to $80.50, weighted average $78.91). The corn market attracted enough short covering interest late in the session to close narrowly mixed. The stock market finished mixed with the S&P 500 rising for a first ...

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