DTN Closing Livestock Comment 06/20 15:55
   Cattle Dip Lower; Hogs Continue to Charge Higher

   The cattle complex sank lower ahead of Friday's close and, unfortunately,
the afternoon saw fed cash cattle prices dip lower in the South as well.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a mixed day for the livestock complex as the cattle sector dipped
lower before the day's close, but the lean hog complex continued to rally.
Friday's Cattle on Feed report was extremely bullish, with placements lighter
than a year ago. July corn is down 4 3/4 cents per bushel and July soybean meal
is down $0.80. The Dow Jones Industrial Average is up 35.16 points and the
NASDAQ is down 98.86 points.