DTN Closing Livestock Comment 05/07 15:50
   Cattle Contracts Close Lower While Cash Prices Trend Higher

   It was a frustrating day in the cattle complex as the contracts closed lower
amid another rally in the cash market.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex ended the day mixed with the cattle contracts
unwilling to do anything but trade lower, meanwhile the lean hog complex
finally came into some support.  July corn is down 1 cent per bushel and July
soybean meal is up $1.60. A light trade was noted in the North at $402 which is
$3.00 higher than last week's weighted average and some Southern live cattle
traded at $256 to $257 which is $2.00 to $3.00 higher than the previous week's
weighted average. The Dow Jones Industrial Average is down 313.62 points and
the NASDAQ is down 32.74 points.