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DTN Closing Livestock Comment 08/26 16:03
   Cattle Futures Conclude Sorry Week With Triple-Digit Losses

   The cattle complex settled sharply lower, pressured by long-liquidation,
technical selling and fundamental fears. On the other hand, lean hog contracts
closed sharply higher, supported by late-week profit-taking and the premium
status of cash markets.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   From Friday to Friday livestock futures scored the following Changes: Aug
LC, Off $3.20; Oct LC, Off $3.90; Sep FC, Off $3.93; Oct FC, Off $5.25, Oct LH,
Off $0.60, Dec LH, Off $0.83. Although the cash cattle trade was lightly tested
today, scattered sales reported in parts of the North were significantly lower
than Wednesday's test. A limited volume in parts of Nebraska sold in a range
between $175 and $179, $3 to $7 lower than the midweek market. For the most
part, cash traders remained on the sidelines, content with trade volume
generated on Wednesday. According to the closing report, the national hog base
is $1.00 lower compared with the Prior Day settlement ($54.50-$62.00, weighted
average $60.68). Corn futures closed lower, down 7 1/4 cents in the September
and down 8 1/4 cents in the November.
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