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DTN Closing Livestock Comment 07/18 15:35
   Cattle Face Some Technical Pressure

   The futures market's lower trend in the cattle sector didn't help Northern
feedlots as they let some cattle trade for $310, which is $2.00 lower than last
week's weighted average.

ShayLe Stewart
DTN Livestock Analyst


   It was a mixed day for the livestock complex as the hog sector rallied
through Thursday's end, but technical pressure sent both the live cattle and
feeder cattle contracts lower through the day's close. Hog prices closed higher
on the Daily Direct Afternoon Hog Report, up $0.31 with a weighted average
price of $85.39 on 3,595 head. December corn is down 6 3/4 cents per bushel and
December soybean meal is down $0.60. The Dow Jones Industrial Average is down
533.06 points.
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