DTN Closing Livestock Comment 07/25 15:49
   Northern Dressed Cattle Traded $1.00 Higher; Southern Feedlot Managers Still
Battling with Packers

   It was a chaotic but fruitful day for the cattle complex as the market was
blessed with further fundamental support.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a rallying day for the cattle complex as Northern dressed cattle
traded $1.00 higher, both the live cattle and feeder cattle contracts closed
higher, and both the Cattle Inventory and Cattle on Feed reports were bullish.
At the time of this writing, still no Southern live cattle had traded as
packers, and feedlot managers were still going toe to toe. September corn is
down 2 1/4 cents per bushel and August soybean meal is down $1.90. The Dow
Jones Industrial Average is up 208.01 points and the NASDAQ is up 50.36 points.