DTN Closing Livestock Comment 10/16 15:59
   Cattle Contracts Close Higher as Traders Believe in Market's Positive
Fundamentals

   Packers will need to be more aggressive in Friday's market to avoid being
too short bought.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex closed mixed as the cattle contracts again inched
higher as traders continue to believe in the market's strong fundamental
trajectory, but the lean hog complex didn't see that same level of support. A
few sales were noted throughout the day in the North, but not enough cattle
traded to say that any trend was established. December corn is up 5 cents per
bushel and December soybean meal is up $1.00. The Dow Jones Industrial Average
is down 301.07 points and the NASDAQ is down 107.54 points.