DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Fri Feb 27, 2015 04:20 PM CST


The cash cattle trade generally remained very slow through late afternoon, despite the fact that short-bought packers need to cover immediate kill needs. Some dressed sales in the North have been reported as high as $254.00, steady/weak with last week's weighted average basis Nebraska. Generally speaking, trade volume totals look very small, suggesting that buyers could keep trying to buy cattle late this afternoon. On the other hand, packers could start out on Monday extremely close to the knife. According to the closing report, the Iowa hog base closed $0.12 lower compared with the Prior Day settlement ...

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