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DTN Closing Livestock Comment 08/19 15:26
   Live, Feeder Cattle Futures Return to Long Liquidation

   The cattle complex closed sharply lower, pressured by a combination of long
liquidation and profit taking. On the other hand, lean hog futures settled on a
mixed basis with deferreds gaining a moderate amount of ground on nearbys.

By John Harrington
DTN Livestock Analyst


   Feedlot country was as quiet as a small-town library Tuesday with little
evident of either bids or asking prices. A few showlists were priced around
$157-$158 in the South and $248-plus in the North. According to the closing
report, the Iowa hog base is $2.30 lower compared with the Prior Day settlement
($93.00-$100.25, weighted average $99.54). For the most part, the corn market
finished fractionally higher at the conclusion and slow and largely featureless
business. U.S. stocks climbed on Tuesday with the Nasdaq moving toward a
14-year high. The Dow closed 80 points higher with the Nasdaq better by 19.
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