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DTN Closing Livestock Comment 01/22 15:43
   Weaker Feeder Cattle Set Softer Tone

   Strong pressure developed throughout the cattle trade Tuesday. Hog futures
were mixed, following limited trade activity.

By Rick Kment
DTN Analyst

   GENERAL COMMENTS: Sharp losses in cattle futures quickly stole the attention
of the entire livestock trade Tuesday morning. Early support in lean hog
futures was minimized as traders continued to focus on increased outside market
pressure. This is leading to questions about sustained buyer support in pork
and beef cuts affecting long-term market direction. Cash cattle interest
remains at a standstill with asking prices and bids still unavailable and
likely to remain that way until midweek or later. The sluggish activity Monday
will likely delay cash cattle trade until late in the week. According to the
closing report, the national hog base is $0.15 lower ($46-$53.50, weighted
average $52.20). Corn futures were lower in light activity, with March closing
2 3/4 cents lower. The Dow Jones Index was 405 points lower with Nasdaq down
150 points.
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