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DTN Closing Livestock Comment 09/24 16:12
   Larger Than Expected Cattle on Feed Numbers

   Cattle on feed totaled 11.23 million head Sept. 1. This is 1% below year-ago
levels, but still well above pre-report estimates. Cattle on feed numbers are
the second highest total since 1996. Total hog numbers fell 4% from year-ago
levels, with reductions in all significant categories.

By Rick Kment, DTN Contributing Analyst

   GENERAL COMMENTS:

   From Friday to Friday, livestock futures scored the following changes:
October live cattle up $0.13; December live cattle up $0.63; September feeder
cattle off $0.25; October feeder cattle up $0.97; October lean hogs up $1.55;
December lean hogs up $1.75
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Futures and commodities trading involves significant risk of loss and is not suitable for every investor. Information herein is strictly the opinion of its author and is intended for informational purposes. Information is obtained from sources believed to be reliable but is in no way guaranteed. Neither Northern Crops Marketing nor its employees are liable or responsible for its use. Opinions, data, and recommendations are subject to change; past performance is not indicative of future results.
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