MFA Agri Services of Iowa – Corydon, Leon and Lineville.

CLICK - MFA CONNECT

DTN Closing Livestock Comment 08/12 16:02
   Cattle Dip Lower While Hogs Rally Thanks to Trader Support

   Without seeing more fundamental support arising, the cattle contracts closed
lower.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex ended the day mixed again, with the cattle contracts
disappointed that no more fundamental support is developing. In contrast, the
lean hog contracts ended the day a touch stronger. Some light cash cattle trade
has developed, but no large volumes have traded yet to say that an accurate
trend has been established. December corn is up 20 1/4 cents per bushel and
December soybean meal is up $4.20. The Dow Jones Industrial Average is down
21.58 points and the NASDAQ is up 143.04 points.