DTN Closing Livestock Comment 06/13 15:25
   Traders Send the Cattle Contracts Tumbling

   Even though the market's fundamental support was abundant, traders still
sent the live cattle and feeder cattle contracts trailing lower.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a perplexing day for the cattle complex as the market's fundamental
support was beyond ample, but even so, traders still decided to push the cattle
contracts sharply lower ahead of the weekend as they're concerned that the
market is overbought. In most cases, any time boxed beef prices were rallying
and fed cash cattle prices were trading steady to $5.00 higher, the market
would trade at least steady if not higher -- but not this week. Traders were
null to the market's fundamentals, and because of that, the futures complex
fell lower. July corn is up 6 cents per bushel and July soybean meal is down
$2.60. The Dow Jones Industrial Average is down 769.83 points and NASDAQ is
down 255.65 points.