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DTN Closing Livestock Comment 09/15 15:53
   Livestock Futures Settle With Mixed Price Action

   After the conclusion of a fairly choppy session, live and feeder cattle
futures closed on a mixed basis. Lean hog contracts also finished on both sides
of unchanged.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   Feedlot country was typically quiet in starting the week with activity
limited to the distribution of new showlists. The midmonth offering appears to
be generally steady with the previous week (i.e., numbers are some smaller in
the South, some larger in the North). Preliminary asking prices appear to be
around $164 in the South and $255-plus in the North. According to the closing
report, the Iowa hog base was $0.76 higher compared with the Prior Day
settlement ($94-$104.50, weighted average 103.74). The corn market bounced 4
cents higher Monday, supported by short covering and suggestions that the
estimate of planted acres may eventually be revised lower. The stock market
closed with technology shares slammed ahead of Alibaba's planned debut later in
the week. The Dow closed up 43 points with the Nasdaq off 48.
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