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DTN Closing Livestock Comment 07/12 15:20

12 Jul 2016
DTN Closing Livestock Comment 07/12 15:20 Cattle Futures Close Lower Live cattle futures closed lower Wednesday, down 7 to 50. Feeder cattle contracts were also lower, down 57 to 92. Lean hog futures were mixed, up 82 to down 37. By Rick Kment DTN Analyst GENERAL COMMENTS: According to the closing report, the Iowa/Southern Minnesota hog base is $0.49 lower compared with the Prior Day settlement ($69.00-$76.95, weighted average $76.05). Corn futures closed higher, up 4 cents in the September contract and up 4 3/4 in the December.