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DTN Closing Livestock Comment 06/14 16:03
   Pork Cutouts and Boxed Beef Prices Both Close Lower Monday

   It was a day for the feeder cattle market! With advancements of $2.00 to
$3.00 made, cattlemen are praying that the corn market hold steady or keeps
trading lower so that this week's feeder cattle sales can encourage strong
buying.

ShayLe Stewart
DTN Livestock Analyst

   GENERAL COMMENTS:

   It was a phenomenal day for the cattle contracts as the feeder cattle
complex led the day with $2.00 and $3.00 advancements. The live cattle market
followed in its shadow, though certainly not as aggressively. The lean hog
market hung back and traded lower as traders are cautious about this week's
market given the weaker cutout close. Hog prices closed lower on the National
Direct Afternoon Hog Report, down $2.37 with a weighted average of $116.89 on
5,566 head. July corn is down 25 1/4 cents per bushel and July soybean meal is
down $9.40. The Dow Jones Industrial Average is down 85.85 points and NASDAQ is
up 104.72 points.
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