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DTN Closing Livestock Comment 06/14 15:27
   Higher Cash Cattle Prices Rally the Cattle Complex

   It's always a good day for the cattle market when cash cattle prices can
trade $1.00 to $5.00 higher.

ShayLe Stewart
DTN Livestock Analyst


   The week's excitement may have been slowly coming, but Friday was a powerful
day for the cattle complex as traders wasted no time in trading both the live
cattle and feeder cattle markets higher thanks to the support of the cash
cattle market. Hog prices closed higher on the Daily Direct Afternoon Hog
Report, up $0.74 with a weighted average price of $87.61 on 2,619 head. From
Friday-to-Friday livestock futures scored the following changes: June live
cattle up $4.65, August live cattle up $6.00; August feeder cattle up $7.05,
September feeder cattle up $6.85; June lean hogs down $1.35, July lean hogs up
$0.15; July corn up $0.01, September corn up $0.02.
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