DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Thu Feb 11, 2016 04:34 PM CST


Moderate cattle trading developed in most areas with feedlot managers reluctantly accepting lower bids in the face of bearish futures and outside markets. Most live business in the South was marked at $133, $3 lower than last week. Dressed deals in the North were mostly $4 lower at $206. According to the closing report, the Iowa hog base is 0.56 higher compared with the Prior Day settlement ($52.00-64.50, weighted average $63.64). Corn futures settled fractionally lower, depressed by another round of bearish export sales. U.S. equities closed lower, but well off their lows, as investors digested a ...

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