DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Oct 8, 2015 04:12 PM CDT


The cash cattle trade remained locked in indecision as asking prices soared along with the board. The few bids that made it on the table seemed embarrassingly low given the new implications of recovering futures (e.g., $118 live, $190 dressed). According to the closing report, the Iowa hog base is $1.27 lower (albeit on a very light test) compared with the Prior Day settlement ($63.00-$72.00, weighted average $71.63). Corn futures generally faltered by 4 cents as traders positioned ahead of Friday's USDA crop report. The Dow closed 138 points lower (i.e., over 17,000 for the first time ...

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