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DTN Closing Livestock Comment 06/20 16:00
   Weaker Tones Keep with the Livestock Complex Through Thursday's End

   Still no cash cattle trade has developed, but Friday's market should hold
more packer interest.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was another lousy day for the livestock contracts as traders mostly let
the contracts drift lower in all three of the livestock markets. Friday will be
a busy day for the livestock industry as the market will anxiously look for the
week's export data, then hope to see some cash cattle sales develop and lastly
be on the look for the afternoon's Cattle on Feed report. Hog prices closed
lower on the Daily Direct Afternoon Hog Report, down $0.30 with a weighted
average price of $87.21 on 4,451 head. July corn is down 10 1/4 cents per
bushel and July soybean meal is down $7.00. The Dow Jones Industrial Average is
up 299.90 points.
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