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DTN Closing Livestock Comment 08/24 15:10
   Livestock Futures Close Mostly Lower Wednesday

   Live cattle futures closed 52 to 122 lower on Wednesday. Feeder cattle
contracts were 92 to 137 lower, except spot August was 20 higher. Lean hog
futures closed 15 to 87 lower, except next August was 40 higher.

By Rick Kment
DTN Analyst



GENERAL COMMENTS:

   A light to moderate cash cattle trade has developed in parts of the South
and light business is reported in parts of the North. Southern live deals are
at $115, $3 lower than last week. Northern dressed deals are at $181-$182, $5
to $6 lower than last week's weight average basis Nebraska. According to the
closing report, the national hog base is $0.55 lower compared with the Prior
Day settlement ($55.00-$62.19, weighted average $62.19). Corn futures closed
lower, down 1 cent in the September and December contracts.
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