Headline News

DTN Closing Livestock Comment 06/21 16:30
   Nearby Lean Hog Futures Close Well Supported With Another New High for July
Contract

   Lean hog futures settled mostly higher with July and August attracting the
most buying interest. The cattle complex finished mixed with live issues lower
and feeder contracts higher.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Light to moderate cash activity surfaced in most feeding areas as some
producers reluctantly accepted another round of sharply lower bids. Live biz in
the South was marked at $122-123, $8 to $9 lower than last week. Dressed deals
in the North ranged from $196 to $198, $9 to $10 lower than last week's
weighted average basis Nebraska. According to the closing report, the national
hog base is .07 higher ($82.00-89.00, weighted average $86.03). Corn futures
settled a penny plus lower, pressured late by spillover selling from the bean
market. The stock market closed on a mixed basis, up 45 points on the Nasdaq
and off 57 on the Dow. `