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DTN Closing Livestock Comment 09/19 15:32
   Feeder Cattle Continue to Make Gains

   Live cattle futures closed mixed Thursday, but feeder cattle continued to
post significant gains, as much as $0.95 in the November contract. That
represents almost $10 of recovery since the market's Sept. 9 low. Lean hog
futures had another day of uneven gains and spread widening.

By Elaine Kub
DTN Contributing Analyst



   GENERAL COMMENTS:

   Cash cattle trade remained quiet Thursday, with only a few scattered bids on
the table ($101 in Kansas; $162 in Iowa). Asking prices are around $103 plus in
the South and $167 to $170 in the North. A light trade took place in parts of
the South Wednesday at mostly $101 or $2 higher than last week's weighted
averages. It is looking more and more likely that additional trade could be
delayed until sometime Friday. According to the closing report, the national
hog base was $0.25 lower ($41-$46.50, weighted average $44.48). Corn futures
closed 1 1/2 cents higher amid outside markets that finally seem to have
quieted down this week. The stock market is down 3 points in the S&P 500, with
the index still above 3,000.
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