According to the closing report, the Iowa hog base closed $1.02 lower compared with the Prior Day settlement ($86.00-$98.00, weighted average $95.86). Corn futures closed higher, up 7 3/4 in the December and March contracts; up 8 in May.
Futures closed lower, down 12 to 135. Nearby live cattle futures gave back moderate gains from earlier in the trading session as focus turned to aggressive losses redeveloping in feeder cattle futures. Even though boxed beef values showed slight improvements in the morning report, traders quickly looked past any fundamental support and once again focused ...