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DTN Closing Livestock Comment 06/22 15:58
   Red Ink Covers All Meat Futures

   The cattle complex settled significantly lower, pressured by further long
liquidation and technical selling. Lean hog issues closed seriously lower as
well, checked in part by bull spreaders taking profits.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Activity in feedlot country was limited to scattered sales (i.e., $120 in
Kansas, $2 lower than Wednesday, $11 below last week). Some producers might
have traded more cattle, but were discouraged by still lower bids. According to
the closing report, the national hog base is .71 lower ($84.00-88.00, weighted
average $86.09). Corn futures settled generally 6 cents lower, pressured by
forecasts for mild summer temperatures over the next 10 days. The stock market
closed on a mixed basis, up 2 points on the Nasdaq and off 12 on the Dow. `
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