DTN Closing Livestock Comment 05/16 15:51
   Feedlots Aim for Higher Cash Prices

   Friday's market should be worth watching as cash cattle prices could trade
higher and so long as beef demand remains evident in the market, the futures
complex stands a chance of continuing its higher trend too.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex rallied throughout Thursday's trade and all three of
the markets closed higher. Still no cash cattle trade has developed, which
means that Friday's market could be in for some excitement as feedlots seem
determined to get their showlists marketed at higher prices. Hog prices closed
higher on the Daily Direct Afternoon Hog Report, up $0.40 with a weighted
average price of $89.36 on 1,109 head. July corn is down 5 1/2 cents per bushel
and July soybean meal is down $4.00. The Dow Jones Industrial Average is down
38.62 points.