DTN Closing Livestock Comments
John Harrington DTN Livestock Analyst
Wed Oct 1, 2014 03:50 PM CDT


Cattle buyers didn't even bother with token bids today, understandably concluding that bullish-minded feedlot margins wouldn't bother giving them the time of day (not with futures surging into the either). Some asking prices were raised to $165-plus in the South and $255-$260 in the North. According to the closing report, the Iowa hog base was $0.13 lower compared with the Prior Day settlement ($96.00-$109.00, weighted average $108.71). Corn futures settled fractionally higher, modestly supported by midweek short covering and profit taking. Equities declined sharply at midweek as investors fretted global concerns, mixed economic data and earnings ahead. ...

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