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DTN Closing Livestock Comment 10/25 16:31
   Lean Hog Futures Close With Impressive Gains

   Hog contracts settled sharply higher thanks to bull-spreading and decent
product demand in the face of record production. On the other hand, cattle
futures closed mostly lower, pressured late by profit-taking and long

By John Harrington
DTN Livestock Analyst


   The cash cattle trade didn't move a muscle Tuesday with buyers and sellers
slow in considering their next move. Some ready cattle in the South were priced
around $105, but for the most part feedlot managers were to price showlists.
According to the closing report, the national hog base is 0.08 higher compared
with the Prior Day settlement ($42.50-46.00, weighted average $45.32). Corn
futures finished about a penny higher on limited short-covering in light
volume. U.S. stocks closed lower tied to mixed news in one of the busiest days
of the earnings season (e.g., Proctor & Gamble good, 3M not so good). The Dow
closed 53 points lower with the Nasdaq down by 26.
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