DTN Closing Livestock Comments         09/10 15:47
   Livestock Futures Close Weak With Mixed Prices

   A combination of late profit-taking and fund rolling caused cattle and hog
contracts to settle on a mixed basis. Feeder futures closed mostly lower with
deferred months pressured by further strength in the corn market.

By John Harrington
DTN Livestock Analyst

 GENERAL COMMENTS:

   From Friday to Friday, meat futures scored the following changes: October
LC, off 130; December LC, off 68; September FC, off 247; December FC, off 325;
October LH, up 5; December LH, up 5; February PB, up 50; March PB, up 100. For
the week, spot September corm advanced by 14  cents. According to the closing
report, the Iowa hog base was $2.42 lower compared with the prior day
settlement ($72.00-82.50, weighted average $80.84). The cash cattle trade was
not tested Friday thanks to significant trade volume generated at mid-week.
Feedlot managers will price new showlists higher on Monday, probably around
$100 in the South and $156-plus in the North. Corn futures jumped 7 cents
higher thanks to a bullishly-construed USDA report. Ending stocks for the
2009-2010 and 2010-2011 marketing years, production and yield all came in below
the average pre-report estimates. The Dow closed up 47 at 10,462. The Nasdaq
rose 6 to close at 2,242.