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DTN Closing Livestock Comment 01/28 15:52
   Live Cattle Futures Stage Midweek Recovery

   Lean hog futures closed sharply higher, supported by short-covering and
technical buying. At the same time, cattle contracts settled mostly higher with
nearbys generally gaining on deferreds.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   The cash cattle trade was not tested today with just a few scattered bids
noted in parts of the North. Some showlists were priced around $162 in the
South and $260-plus in the North. Buying interest is expected to increase on
Thursday or Friday. According to the closing report, the Iowa hog base closed
$0.21 lower compared with the Prior Day settlement ($56.50-$68.25, weighted
average $67.55). Corn futures closed lower, down 8 in the March and down 8 1/4
in the May.
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