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DTN Closing Livestock Comment 07/27 15:53
   Traders Cautiously Look for Additional Support Tuesday

   Heading into the middle of the week, the cash cattle market will likely be
tested as packers see what feedlots will settle for and feedlots aspire for
higher prices.

ShayLe Stewart
DTN Livestock Analyst

   GENERAL COMMENTS:

   It was a rather uneventful day throughout the livestock sector, as traders
let most of the contracts wane lower, wanting more reassurance that the market
does indeed support higher trade. Heading into Wednesday's trade, seeing where
cash cattle prices land will be critical as feedlots have an opportunity to
demand at least $1.00 to $2.00 more. Hog prices closed lower on the National
Direct Afternoon Hog Report, down $0.45 with a weighted average of $105.54 on
7,166 head. December corn is down 1/2 cent per bushel and December soybean meal
is up $6.10. The Dow Jones Industrial Average is down 85.79 points and NASDAQ
is down 180.13 points.
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