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DTN Closing Livestock Comment 12/07 17:04
   Lean Hogs Continue Bullish Explosion

   Lean hog futures slammed another round of triple-digit gains Wednesday,
powered by technical-buying and impressive cash spending. The cattle complex
settled mixed in the live market and modestly higher in the feeder trade.

By John Harrington
DTN Livestock Analyst


   For the most part, cattle country remained very quiet with neither bids nor
asking prices well defined. The Fed Cattle Exchange on the internet traded
several thousand cattle across a wide area with prices generally $2 lower than
last week. According to the closing report, the national hog base is $2.06
higher ($44.00-$53.00, weighted average $51.58). Corn futures settled several
cents lower in light volume as traders position ahead of new s&d updates to be
released on Friday. The stock market rally continued to stock the Trump rally.
The Dow closed at a record 19,549, up 297 points. At the same time, the Nasdaq
improved by 60.
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