Cash cattle trade is fairly quiet. There are some $182 bids in Nebraska and Iowa. According to the closing report, the Iowa hog base is .46 higher compared with the Prior Day settlement ($69.00-$73.75, weighted average $71.68). Corn futures closed up 4 3/4 in the December contract and up 5 cents in the July.
Prices surged limit-higher higher at midday, as buyers focused on firmness in morning boxed beef values and expectations that additional strong support may continue to develop through the rest of the week. Although it is way too early to determine ...