Just a few cash cattle sales noted in Iowa today at $148. The rest of cattle country was quiet. According to the closing report, the Iowa hog base closed $0.13 higher compared with the Prior Day settlement ($66.00-$75.00, weighted average $74.75). Corn futures closed quite a bit higher following a USDA report that showed lower than expected stocks. July was 30 3/4 higher; December was 29 1/4 higher.
Live cattle futures closed lower, down 90 to 182. Live cattle futures turned lower in late day trade following the aggressive move higher in grain markets ...