DTN Closing Livestock Comment 04/24 15:47

DTN Closing Livestock Comment 04/24 15:47
   Cattle Futures Tumble Lower

   Strong underlying pressure developed in live and feeder cattle futures. This
pushed contracts to triple-digit losses as technical pressure quickly swept
through the entire complex.

By Rick Kment
DTN Analyst



   GENERAL COMMENTS: Cattle futures turned sharply lower with triple-digit
pressure through the entire complex. This pushed markets through support
levels, breaking out of the sideways pattern of the last few weeks. Hog futures
stabilized, although limited movement was seen in most contracts. Corn futures
are lower in light trade. July futures fell 4 1/4 cents per bushel. The Dow
Jones Index is 23 points lower with Nasdaq up 2 points.

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