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DTN Closing Livestock Comment 12/19 15:54
   Cattle Futures Rebound With Triple-Digit Gains

   After an ugly start to the week, cattle futures finally uncovered new buying
interest and closed sharply higher on Friday. On the other hand, lean hog
contracts finished moderately lower for the most part, pressured by long
liquidation in anticipation of next week's Hogs and Pigs report.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   From Friday to Friday livestock futures scored the following changes: Dec
LC, Off 1.30, Feb LC, Off 2.07; Jan FC, Off 5.45; Mar FC, Off 3.28; Dec LH, Off
1.35: Feb LH, Off 1.15. The late-week cash cattle trade was rather light with
only a few scattered deals reported in parts of the North. However, packer
spending did seem to improve some from the lows of Wednesday and Thursday with
a few dressed sales as high as $152. According to the closing report, the
national hog base closed $0.10 higher compared with the Prior Day settlement
($69.00-$79.00, weighted average $76.45). Corn futures closed fractionally
mixed, down 1/2 in March and May, down 1/4 in July and September, up 1/4 in
December.
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