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DTN Closing Livestock Comment 08/25 16:14
   Hog Futures Slammed With Triple-Digit Losses

   Lean hog contracts closed sharply lower, pressured by long liquidation and
ongoing fears of late-year supplies. The cattle complex settled mostly lower
with feeders losing more ground to their live counterparts.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   The cash cattle arena was quiet Thursday following significant trade volume
generated at midweek. Just a few bids were noted in parts of the North as low
as $179. According to the closing report, the national hog base is $0.53 lower
compared with the Prior Day settlement ($55.00-$62.50, weighted average
$61.68). Corn futures closed generally 4 cents lower, weighed by sharply lower
action in the bean trade and the lack of significantly bullish news from the
Midwest Crop Tour. U.S. equities closed lower a day ahead of a key speech from
Federal Reserve Chair Yellen. The Dow closed 33 points lower with the Nasdaq
off 5.
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