NEWS
DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Mon Jul 28, 2014 04:42 PM CDT

GENERAL COMMENTS:

As expected, activity in cattle country was restricted to the distribution of new showlists. Ready numbers are generally larger than last week. Some asking prices were seen around $168-$170 in the South and $265-$270 in the North. According to the closing report, the Iowa hog base is $2.99 lower compared with the Prior Day settlement ($112.00-$126.50, weighted average $122.38). Corn futures bounced a nickel or so higher Monday, supported by short covering and spillover buying from the bean pit. The stock market was generally slow as investors looked to economic reports, earnings and the Federal Reserve's mid-week ...

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