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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


   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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