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DTN Closing Livestock Comment 03/30 15:47
   Deferred Lean Hog Contracts Jump Higher Following Quarterly Inventory

   The lean hog pit settled on a mixed basis, modestly higher in nearbys and
sharply higher in far deferreds. The cattle complex also finished on both sides
of unchanged with live contracts mostly higher and their feeder counterparts
primarily lower.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   Activity in feedlot country was limited to the distribution of new
showlists. According to the closing report, the Iowa hog base closed $0.74
higher compared with the Prior Day settlement ($50.00-$57.00, weighted average
$56.62). Corn futures closed generally 3 cents higher, supported by strength in
the wheat pit and ideas of further planting delays in the South. The stock
market closed more than 1% higher on Monday amid encouraging talk of stimulus
in Asia. The Dow closed 263 points higher with the Nasdaq better by 56.
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