Headline News

DTN Closing Livestock Comment 12/14 16:20
   Cattle Futures Close Generally Higher

   For the most part, the cattle complex settled moderately higher, supported
by short covering and pre-cash positioning. Lean hog contracts closed on a
mixed basis with nearbys gaining on deferreds.

By John Harrington
DTN Livestock Analyst



   GENERAL COMMENTS

   Between half-hearted packer bids and sketchy asking prices, the cash cattle
traded remained grounded throughout the day. Some showlists seemed to be priced
around $119-to-$120 in the South and $190+ in the North. Scattered bids stayed
safely below these price levels by $3-to-$5. According to the closing report,
the national hog base is .38 lower ($50.00-to-$58.82, weighted average $56.61).
Corn futures finished fractionally lower, thanks to lackluster and a dearth of
positive news. The stock market closed lower with the Dow off 76 points and the
Nasdaq down by 19.