DTN Closing Livestock Comment 08/21 15:12

DTN Closing Livestock Comment 08/21 15:12
   Narrow Trading Ranges Hold Tuesday

   Limited activity was seen through the entire complex. This may add some
additional uncertainty to the through the end of the week. Trade focus is
expected to remain on the ability to spark additional buyer activity in lean
hog markets through the end of the week.

By Rick Kment
DTN Analyst



   GENERAL COMMENTS

   Cash cattle interest is undeveloped late Tuesday with bids and asking prices
generally not established at this point. The overall lack of direction in
futures trade Tuesday has allowed both sides of the market to sit on the
sideline and wait for more information midweek. It is likely that active trade
may develop Thursday or Friday. According to the closing report, the national
hog base is $0.64 lower compared with the Prior Day settlement ($37-$40,
weighted average $39.54). Corn futures are lower in light activity, with
September futures 2 cents lower Tuesday. The Dow Jones Index is 98 points
higher with the Nasdaq up 43 points.