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DTN Closing Livestock Comment 12/06 16:50
   Triple-Digit Gains Hold in Livestock Futures Tuesday

   Sharp gains quickly developed through livestock futures Tuesday with
triple-digit gains seen in both cattle and hog markets. The aggressive moves in
live cattle trade were a significant shift from the narrow trading range
through morning activity.

By Rick Kment
DTN Analyst



GENERAL COMMENTS:

   Cash cattle trade started to develop through the Tuesday session with just a
handful of cattle selling at $112 per cwt. This is not enough to establish a
test, but prices are $4 to $5 per cwt lower than last week. The potential for
additional direction later in the week may spark increased activity based on
further moves in futures trade. Compared to the previous week, that is anywhere
from $1.75 higher to a full $9.00 higher in some areas. According to the
closing report, the national hog base is $1.99 higher compared with the Prior
Day settlement ($43.50-$51.00, weighted average $49.52). The corn trade settled
moderately higher as traders took a breather from the strong double-digit rally
seen Monday. The Dow closed 35 points higher with the Nasdaq up 24.
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