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DTN Closing Livestock Comment 05/29 16:05
   Livestock Complex Lower Wednesday

   Between a lack of pork demand and the disappointing announcement from China
about beef imports from the JBS plant in Greely, Colorado, the livestock
complex endured plenty of pressure throughout the day.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a gloomy day for the livestock complex as the entire marketplace
closed lower. The biggest hitting news however was China's announcement that
they will not be accepting any beef from the JBS processing plant in Greely,
Colorado as traces of ractopamine were found -- which obviously had a negative
effect on the cattle complex. Given that it's a holiday-shortened week, exports
won't be posted on Thursday this week, but instead on Friday. Hog prices closed
lower higher on the Daily Direct Afternoon Hog Report, up $1.22 with a weighted
average price of $89.05 on 6,204 head. July corn is down 7 1/4 cents per bushel
and July soybean meal is down $7.50. The Dow Jones Industrial Average is down
411.32 points.
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