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DTN Closing Livestock Comment 10/09 15:45
   Cattle Futures Close Mostly Higher, Supported by Better Cash Prospects

   The cattle complex settled mostly higher with feeders gaining on their live
counterparts. On the other hand, late-week profit-taking caused lean hog issues
to settle modestly lower.

By John Harrington
DTN Livestock Analyst


   From Friday to Friday livestock futures scored the following Changes: Oct
LC, Up $7.70; Dec LC, Up $5.95; Oct FC, Up $9.47; Nov FC, Up $10.35, Oct LH, Up
$0.47 Dec LH, Up $0.75. At long last, cash cattle traders managed to pull out
of a month-long nosedive. Light to moderate sales were reported in most areas
with live business mostly $9 to $10 higher (i.e. $126 to $127). Dressed
business in the North ranged from $195 to $197, generally $8 to $10 higher than
last week's weighted average basis Nebraska. According to the closing report,
the Iowa hog base is $0.39 lower compared with the Prior Day settlement
($67.00-$73.00, weighted average $71.72). Corn futures closed down 8 1/2 cents
in the December and down 7 3/4 cents in the July.
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