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DTN Closing Livestock Comment 07/01 15:19
   Cattle Futures Rebound

   Live cattle futures closed higher, up 180 to 300. Feeder cattle contracts
were also triple-digits higher, up 242 to 377. Lean hog futures were mixed, up
90 to down 72.

By Rick Kment
DTN Analyst



GENERAL COMMENTS:

   Light to moderate cattle trade developed in most areas Wednesday afternoon.
Northern live prices are at $150 to $152; Southern $150. Dressed prices in the
North are at $238 to $240. According to the closing report, the Iowa hog base
closed $0.18 lower compared with the Prior Day settlement ($68.00-$75.00,
weighted average $74.56). Corn futures closed mostly fractionally higher, down
1/4 in the July and up 1/4 in the March.
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