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DTN Closing Livestock Comment 03/27 16:01
   Lean Hog Futures Close Narrowly Mixed in Pre-Report Caution

   Lean hog contracts settled on a mixed basis with nearbys gaining modestly on
deferreds. On the other hand, cattle futures finished significantly higher with
triple-digit gains dominating the feeder pit.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   From Friday to Friday livestock futures scored the following changes: Feb
LC, Up 4.27; Jun LC, Up 2.50; May FC, Up 2.72; Aug FC, Up 3.15; Apr LH, Up
2.67; May LH, Off .10. The cash cattle trade was slow in developing today with
only light-moderate trade volume evident as of this writing. Some live sales in
the South have been marked at $165, $2 higher than a week ago. On the other
hand, scattered dressed deals in parts of the North have been reported at $263,
generally $3 to $4 higher than last week's weighted averages. More trade volume
is expected to develop over the next several hours. According to the closing
report, the Iowa hog base closed $0.84 lower compared with the prior day
settlement ($49.00-$57.00, weighted average $55.91). Corn futures closed
fractionally mixed, up 1/4 to down 1/4.
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