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DTN Closing Livestock Comment 07/27 17:19
   Cattle Futures Bounce Higher, Led by Feeder Contracts

   The cattle complex settled mostly higher with the feeder trade finishing
with triple-digit gains. Lean hog issues closed narrowly mixed with nearbys
gaining a bit on deferreds.

By John Harrington
DTN Livestock Analyst


   Scattered feedlot sales were evident in several areas with live and dressed
prices about steady with Wednesday's decline. According to the closing report,
the national hog base is $0.36 higher ($76-$85, weighted average $82.11). Corn
futures closed a penny plus higher, mildly supported by smaller-than-expected
rainfall amounts reported across much of Iowa. Wall Street closed mixed with
the Dow up 85 points and the Nasdaq off by 40.
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