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DTN Closing Livestock Comment 05/24 15:50
   Feedlots Continue to Hold Out for Higher Prices

   Cash cattle bids have been on the table all day, but feedlots remain
committed to receiving higher prices.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The cattle complex pulled back ahead of Friday's close in preparation for
the afternoon's Cattle on Feed report, but thankfully no bearish surprises were
found there, and the market should be able to rally on its strong fundamentals
again early next week. Hog prices closed lower on the Daily Direct Afternoon
Hog Report, down $1.63 with a weighted average price of $86.64 on 1,317 head.
July corn is up 3/4 cent per bushel and July soybean meal is up $9.80. The Dow
Jones Industrial Average is up 4.33 points.
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