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DTN Closing Livestock Comment 12/13 16:40
   Feeder Cattle Gains More Ground on Live Counterparts

   The cattle complex settled mostly higher with feeder issues gaining more
ground on their live counterparts. On the other hand, lean hog futures closed
lower for the most part, worried by large board premiums and the adequacy of
late year pork demand.

By John Harrington
DTN Livestock Analyst

   GENERAL COMMENTS: Feedlot country was certainly colored by more bids and
asking prices Thursday, but that didn't mean much in terms of actual trade
volume. Live bids in the South were mostly $115, $5 to $7 below common asking
prices. Dressed bids in the North ranged from $185 to $187, also $5 to $7 short
of area pricing. According to the closing report, the national hog base is
unchanged compared with the Prior Day settlement ($42 to $47.50, weighted
average $46.42). March corn ended down a penny, holding steady in a narrow
range this month and staying below resistance at $3.90. Equities closed mixed
with the Dow up 70 points and the Nasdaq down by 27.
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