DTN Closing Livestock Comment 06/23 16:09
   Traders Remain Skeptical When Handling the Live Cattle Contracts

   Heading into Tuesday's trade traders will continue to seek strong
fundamental support as the market's technicals need encouragement.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It ended up being a mixed day for the livestock complex as the live cattle
complex closed mixed, but both the lean hog and feeder cattle markets closed
higher. New showlists appear to be mixed, higher in Kansas, but lower in
Nebraska/Colorado and Texas. July corn is down 9 1/2 cents per bushel and July
soybean meal is down $1.70. The Dow Jones Industrial Average is up 374.96
points and the NASDAQ is up 183.56 points.