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DTN Closing Livestock Comment 06/21 16:14
   Lean Hogs Close Limit Lower

   July through October lean hog futures closed $3 per cwt lower Friday. Losses
were seen throughout the rest of livestock trade, as well, leading to concern
of additional pressure early next week.

By Rick Kment
DTN Analyst



   GENERAL COMMENTS: Lean hog futures closed down the $3-per-cwt limit Friday,
which will trigger expanded limits Monday. Cattle futures also fell late
Friday, breaking through short-term support. From Friday to Friday, livestock
futures scored the following changes: Jun LC off $2.23; Aug LC off $2.05; Aug
FC off $1.85; Sep FC off $1.75; Jul LH off $5.10; Aug LH off $2.72. Cash cattle
trade appears to be done for the week following light-to-moderate trade
Thursday. A few scattered bids were seen at $109 to $110 per cwt live basis and
$178 dressed, but the lack of interest at the lower prices is likely to keep
most cattle on showlists until next week. The National Daily Direct afternoon
hog report was $0.69 lower ($65-$76, weighted average $74.03) on 8,216 head
sold. Corn futures eroded Friday afternoon with July down 7 3/4 cents per
bushel. The Dow Jones Index was 34 points lower with the NASDAQ down 19 points.
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