The cash cattle trade remained untested in the face of light packer demand and scattered, half-hearted bids. Asking prices remained firm at $162-plus in the South and $260-plus in the North. According to the closing report, the Iowa hog base closed $0.44 higher compared with the Prior Day settlement ($61.00-$67.50, weighted average $66.48). The corn market settled 4-plus cents higher as spec-buying interest offset somewhat disappointing export news. U.S. stocks closed narrowly mixed with stocks near recent highs. The Dow closed 10 points lower with the Nasdaq better by 20.
Futures closed up 217 ...