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DTN Closing Livestock Comment 07/23 16:14
   Livestock Contracts Triumph on Friday's Close

   Heading into Monday's trade, the cattle contracts hope that the bullish USDA
reports will have some effect on the market, but they know better than to count
on it.

ShayLe Stewart
DTN Livestock Analyst


   It was a good day for the livestock complex as the cattle contracts were
supported by favorable USDA reports and the lean hog market saw higher pork
cutout values Friday afternoon and their nearby contracts closed higher as
well. Hog prices closed lower on the National Direct Afternoon Hog Report, down
$0.72 with a weighted average of $104.59 on 3,779 head. December corn is down
18 1/4 cents per bushel and December soybean meal is down $9.80. The Dow Jones
Industrial Average is up 238.20 points and NASDAQ is up 152.39 points.
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