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DTN Closing Livestock Comment 03/26 16:22
   Cattle Paper Settles Moderately Lower in Pre-Cash Caution

   Live and feeder futures settled moderately lower, pruned by profit taking
and positioning prior to the development of cash news. On the other hand, lean
hog contracts closed most higher thanks to bull spreading and pre-report short
covering.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   The cash cattle trade was a non-event with a few preliminary bids (i.e.,
$160 in the South, %258 in the North) floated way below asking prices of
$165-plus in the South and $265-plus in the North. According to the closing
report, the Iowa hog base closed $0.58 higher compared with the prior day
settlement ($50.00-$57.25, weighted average $56.78). The corn trade closed
about 3 cents lower, pressured by falling wheat prices and a stronger dollar.
The stock market closed modestly lower on Thursday as equities failed to shake
off the losses of the last three days and investors weighed geopolitical events
ahead of earnings season. The Dow closed 40 points lower with the Nasdaq off
13.
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