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Hebron, ND
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DTN Closing Livestock Comment 12/07 15:16
   Hog Futures Experience Heavy Selloff

   Outside markets were enthusiastic about exports and economic recovery
Tuesday, but the livestock markets focused more on disappointment.

Elaine Kub
Contributing Analyst

   GENERAL COMMENTS:

   Feeder cattle were the only livestock market tempted to test higher prices
off and on through Tuesday, but a higher close in corn ultimately took away
that temptation. The bulk of the bearishness focused on lean hogs, with clearly
lower momentum on the chart attracting a high volume of trend-following
traders. Afternoon hog prices were unavailable due to packer submission issues.
March corn is up 2 1/2 cents per bushel and January soybean meal is down $2.90
per ton. The Dow Jones Industrial Average is up 492.4 points and NASDAQ is up
479.5 points.
 
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