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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



GENERAL COMMENTS:

   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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