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DTN Closing Livestock Comment 06/30 15:48
   Cattle Futures Close Significantly Lower

   Live cattle futures closed lower, down 90 to 182. Feeder cattle contracts
were significantly lower, down 260 to 450. Lean hog futures were higher, up 80
to 260.

By Rick Kment
DTN Analyst



GENERAL COMMENTS:

   Just a few cash cattle sales noted in Iowa today at $148. The rest of cattle
country was quiet. According to the closing report, the Iowa hog base closed
$0.13 higher compared with the Prior Day settlement ($66.00-$75.00, weighted
average $74.75). Corn futures closed quite a bit higher following a USDA report
that showed lower than expected stocks. July was 30 3/4 higher; December was 29
1/4 higher.
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