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DTN Closing Livestock Comment 07/31 16:08
   Feeder Cattle Push Through Resistance

   The livestock complex heads into the weekend fully higher in all three
sectors.

ShayLe Stewart
DTN Livestock Analyst

   GENERAL COMMENTS:

   Cattle contracts warmed up after the noon hour and posted a stronger gain
than most assumed they would. Though lean hog contracts didn't see as much of a
push heading into the weekend, the hog contracts closed higher as well. Hog
prices are lower on the National Direct Afternoon Hog Report, down $0.38 with a
weighted average of $40.97 on 4,968 head. December corn is up 1/4 cent per
bushel and December soybean meal is down $0.70. The Dow Jones Industrial
Average is up 115.41 points and NASDAQ is up 157.47 points.
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