NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Tue Mar 31, 2015 04:54 PM CDT

GENERAL COMMENTS:

The cash cattle trade existed on in theory Tuesday with absolutely no buying interest evident. Some showlists were priced around $167-$168 in the South and $268-plus in the North. According to the closing report, the Iowa hog base closed $0.12 lower compared with the Prior Day settlement ($49.00-$57.00, weighted average $56.47). Corn futures closed sharply lower (i.e., generally 17-18 cents in the red) with selling tied to bearish stocks (i.e., 7.74 billion bushels, 116 million greater than the average trade guess) and planting intentions (i.e., 89.2 million acres, 520,000 more than expected) numbers. Equities closed lower, giving ...

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