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DTN Closing Livestock Comment 04/15 15:48
   Cattle Complex Settles Moderately Lower

   Live and feeder cattle contracts closed with moderately lower prices,
pressured by profit taking and long liquidation. The lean hog pit closed on a
mixed basis with late summer contracts gaining on both the nearbys and far
deferreds.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   The cash cattle trade remained at a standstill through the day with both
bids and asking prices poorly defined. Some producers priced showlists are
$149-$150 in the South and $242 to $243-plus in the North. According to the
closing report, the Iowa hog base is $1.36 lower (on light receipts of only
1,954) compared with the Prior Day settlement ($105.00-$117.56, weighted
average $117.56). The corn trade finished no better than fractionally mixed,
pretty much ignoring sharply higher action in the wheat and bean pits. The
stock market turned higher late Tuesday, with the Nasdaq making its largest
rebound in five years. The Dow closed 89 points higher with the Nasdaq up 88
points above the early session low).
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