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DTN Closing Livestock Comment 05/23 16:04
   Northern Feedlots Traded Cattle for $300 to $305 -- steady to $5.00 Higher

   Heading into Friday's market the cash cattle complex will expect more cattle
to trade and on Friday afternoon the monthly Cattle on Feed report will be

ShayLe Stewart
DTN Livestock Analyst


   The cattle contracts may have rounded out the day on a weaker note in the
futures complex, but the cash cattle market achieved yet another victory as
prices ranged anywhere from $1.00 to $5.00 higher. Hog prices closed higher on
the Daily Direct Afternoon Hog Report, up $0.44 with a weighted average price
of $88.27 on 1,679 head. July corn is up 2 3/4 cents per bushel and July
soybean meal is down $1.50. The Dow Jones Industrial Average is down 605.78
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