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DTN Closing Livestock Comment 10/31 15:44
   Short-Covering Pushes Live Hog Futures at Week's Close

   Live hog contracts finished significantly higher, supported by late-week
short-covering and hog/cattle spreading. The cattle complex finished mostly
lower with selling interest focused on nearby live contracts.

By John Harrington
DTN Livestock Analyst



GENERAL COMMENTS:

   From Friday to Friday livestock futures scored the following changes: Oct
LC, Up 1.25, Dec LC, Off .85; Nov FC, Off .50; Jan FC, Off .43; Dec LH, Off
2.23; Feb LH, Off .82. Light to moderate trade volume surfaced in feedlot
country today with most live and dressed sales $1 to $2 lower than last week
(i.e. $168 in the South; $263 to $265 in the North.) According to the closing
report, the Iowa hog base closed $0.4 lower compared with the Prior Day
settlement ($84.00-$86.75, weighted average $86.02). Corn futures closed
higher, up 2 3/4 in the December and up 2 1/4 in the March and May.
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