DTN Closing Livestock Comment 08/01 15:49
   Traders Regained Focus, Pushed the Cattle Contracts Higher Friday

   Although, the cattle contracts endured severe pressure on Thursday, come
Friday, traders were refocused and helped push the contracts higher through the
week's close.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a strong day for the livestock complex as all of the contracts closed
higher and the fed cash cattle market saw prices trade mostly $3.00 higher as
well. Heading into next week's market, it will be vital to note exactly how
many cattle were bought this week as that will dictate how aggressive packers
will likely be in the weeks ahead. Pork cutouts are up $2.94 at $116.94,
September corn is down 4 1/2 cents per bushel and August soybean meal is up
$5.70. The Dow Jones Industrial Average is down 542.40 points and NASDAQ is
down 472.32 points.