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DTN Closing Livestock Comment 05/01 16:05
   Livestock Futures Close Week With Mixed Prices

   The cattle complex settled mixed in the live pit and significantly higher in
the feeder trade. Lean hog contracts also settled with uneven price action with
nearbys losing ground to deferreds.

By John Harrington
DTN Livestock Analyst


   From Friday to Friday livestock futures scored the following changes: Apr
LC, Off 2.03; Jun LC, Off 1.90; May FC, Off .45; Aug FC, Off .60; Apr LH, Up
1.80; May LH, Up 1.30. Light to moderate business developed in most areas of
cattle country. Live sales in the South were marked at $160, $2 higher than
last week. Live business in the North ranged from $160 to $163, steady to $3
higher (mostly $1 to $2 higher). Dressed deals in the North were mostly $255,
generally steady with last week's weighted average basis Nebraska. According to
the closing report, the Iowa hog base closed $0.04 higher compared with the
Prior Day settlement ($60.00-$75.50, weighted average $74.94). Corn futures
closed lower, down 2 3/4 in the May and down 3 1/4 in the December.
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