DTN Closing Livestock Comments         09/07 17:09
   Cattle Futures Return From Holiday to Implode

   Live and feeder contracts crashed with triple digit losses, undercut by fund
selling, long liquidation and sell stops. Lean hog futures were pressured by
profit taking and spillover selling from the cattle pits.

By John Harrington
DTN Livestock Analyst

 GENERAL COMMENTS:

   Activity in the cash cattle market was limited to the distribution of new
showlists, although a few preliminary bids did surface in the South at
$96-96.50. The new offering is mixed, larger in the South and smaller in the
North. According to the closing report, the Iowa hog base was $1.83 higher
compared with the prior day settlement ($69.50-83.01, weighted average $80.36).
Although the corn market displayed some weakness through the morning, it closed
several cents higher with the help of solid demand and nervousness over the
ultimate size of the 2010 harvest. Wall Street followed European markets lower
after news reports said banks in Europe may have more risky government debt on
their books than was disclosed during "stress tests" earlier this year. The Dow
closed 107 points lower with the Nasdaq down by 24.