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DTN Closing Livestock Comment 08/04 16:03
   2015 Lean Hog Contracts Jump to Triple-Digit Gains

   Lean hog futures settled sharply higher, spurred by short covering and
improving fundamentals. On the other hand, the cattle complex finished no
better than mixed, scrambled by a combination of follow-through buying and
profit taking.

By John Harrington
DTN Livestock Analyst


   The cash cattle trade was dead quiet Tuesday with conversation between
buyers and sellers kept to the barest of pleasantries. Opening bids were
virtually nonexistent while just a few showlists were priced around $151-152 in
the South and $240 plus in the North. According to the closing report, the Iowa
hog base is .56 lower compared with the Prior Day settlement ($65.00-$77.00,
weighted average $76.08). Corn futures closed 2-3 cents higher, boosted by
light short covering and a temporary tiring of selling interest. U.S. stocks
closed lower as investors eyed further declines in Apple's stock and slight
recovery in oil prices. The Dow closed 47 points lower with the Nasdaq off 9.
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