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DTN Closing Livestock Comment 04/12 16:09
   Livestock Contracts Lack Technical Support

   It was a mixed day for the livestock contracts as the markets aspired to
trade higher, but for the live cattle and lean hog contracts it was a day of
unmet wishes.

ShayLe Stewart
DTN Livestock Analyst


   It was a mixed day for the livestock complex as the feeder cattle market
closed higher but both the live cattle and lean hog contracts closed slightly
lower. As traders look at the marketplace, they want to see strong fundamental
backing before they help move the market any higher and risk their own
positions. Hog prices closed higher on the National Direct Afternoon Hog
Report, up $0.33 with a weighted average of $100.54 on 5,108 head. May corn is
down 8 1/4 cents per bushel and May soybean meal is up $0.70. The Dow Jones
Industrial Average is down 55.20 points and NASDAQ is down 50.18 points.
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