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DTN Closing Livestock Comment 08/15 15:33
   Generally Speaking, Meat Futures Close Moderately Higher

   Lean hog issues settled moderately higher, supported by cash premiums and
midweek short-covering. While finishing in the green, advances in the cattle
complex were somewhat tamer than those scored by lean hog futures.

By John Harrington
DTN Livestock Analyst


   There were a few more bids tossed out for consideration Wednesday (i.e.,
$108 live, $173 dressed), but nothing tempting enough to spark selling
interest. Asking prices were around $112-$114 in the South and $178 dressed in
the North). According to the closing report, the national hog base is $0.55
lower compared with the Prior Day settlement ($40-$43.50, weighted average
$43.87). Corn futures closed fractionally mixed, concluding a session of slow,
lackluster business. The stock market closed lower with the Dow off 137 points
and the Nasdaq down by 96.
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