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DTN Closing Livestock Comment 03/19 16:29
   Meat Futures Stumbled Into New Week With Triple-Digit Losses

   The cattle complex crashed sharply lower, hammered by a combination of long
liquidation and technical selling. Lean hog futures also fell hard through the
opening session of the week, pressured by defensive fundamentals and a general
lack of selling interest.

By John Harrington
DTN Livestock Analyst


   Cash cattle activity on Monday was typically limited to the distribution of
new showlists. Ready numbers appear to be generally larger with only Texas
offering fewer steers and heifers. According to the closing report, the Iowa
hog base closed .79 lower compared with the prior day settlement ($52.00-59.50,
weighted average $56.50). Closing at a 3-week low, nearby corn futures fell
more than 7 cents lower, pressured by both winter wheat and beans. The stock
market put in a rough day with the Dow off 335 on the close and the Nasdaq down
by 137.
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