DTN Closing Livestock Comment 06/26 15:34
   Cattle Futures Bounce Higher Thursday Afternoon

   Despite the early market pressure seen across most livestock trade during
the morning trading hours, limited to moderate buyer interest trickled into
feeder cattle futures, causing spillover support through the entire cattle
complex.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   Livestock markets remained mixed in limited trade Thursday, with pre-report
pressure developing in lean hog futures trade while all cattle futures closed
steady to moderately higher by the end of the trading session. Feeder cattle
futures were the bright spot of the complex as traders continue to focus on a
generally bullish tone within cash feeder cattle markets over the near future,
despite the recent pullback from all-time highs. Moderate activity is expected
through the end of the week and in early trade next week, but the upcoming
holiday break will dwindle trade activity in the near future. Hog prices closed
lower on the Daily Direct Afternoon hog report, down $2.51, with a weighted
average of $108.00 on 1,965 hogs. July corn closed down 3/4 at $4.095 and July
soybean meal closed down $5.10 at $270.90. The Dow Jones Industrial Average is
up 404.41 at 43,386.84.