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DTN Closing Livestock Comment 10/19 15:24
   Cattle Markets Weaken Midweek on Triple-Digit Sell-off

   Aggressive pressure quickly swept through cattle markets Wednesday afternoon
with live cattle and feeder cattle markets each posting triple-digit losses as
traders quickly back away from earlier gains. This is expected to spark
additional liquidation concerns over the next several trading sessions.

By Rick Kment
DTN Analyst


   Sharp losses flooded into cattle futures markets as early week buyer support
quickly weakened and allowed for widespread liquidation to develop midweek. The
activity in cattle markets allowed for lean hog futures to remain relatively
inactive through the midweek session as prices were mixed in a narrow range.
According to the closing report, the national hog base is $0.26 lower compared
with the Prior Day settlement ($43.00-47.50, weighted average $45.81). Corn
futures closed firmly higher in a tight trading range in nearby contract
months, with nearby contracts 3 1/2 to 3 3/4 cent per bushel.
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