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DTN Closing Livestock Comment 12/04 16:05
   Down Day for Cattle Contracts; Lean Hogs Mostly Higher

   Cattle contracts struggled to keep losses less than $1.00, the lean hog
market was weak in spots but kept the bulk of the contracts higher.

By ShayLe Stewart
DTN Livestock Analyst


   For about a month now, cattle contracts have been trading more or less
steady with days of higher prices followed with days of lower prices. As time
keeps etching closer and closer to the New Year, cattlemen anxiously await the
much anticipated boost that typically comes not too long after the ringing in
Jan. 1. Hog prices are higher again on the National Direct Morning Hog Report,
up $0.71 with a weighted average of $45.73. March corn is down 2 3/4 cents per
bushel and January soybean meal is up $2.00. The Dow Jones Industrial Average
is up 146.97 points and NASDAQ is up 46.03 points.
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