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DTN Closing Livestock Comment 05/04 15:30
   Cattle, Feeders Sink to New Lows as Corn Heats Up

   Rising corn prices continue to pressure both live cattle and feeder cattle
lower Tuesday. Lean hogs held firm with back months continuing to achieve new

Todd Hultman
DTN Lead Analyst


   Early hopes for higher cattle prices in 2021 have taken a bearish turn the
past month, hit by rising corn prices and a lethargic packer response to higher
boxed beef prices. Tuesday's trade saw futures contracts of live cattle and
feeders fall to new lows. July corn closed up 17 1/4 cents at $6.96 3/4 per
bushel and July soybean meal closed up $6.40. The Dow Jones Industrial Average
is trading up 19.80 points.
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