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DTN Closing Livestock Comment 06/16 15:17
   Cattle Rally Sharply Thanks to Stronger Equity Markets and Cheaper Oil

   Strong outside support helped drive the cattle contracts higher through
Tuesday's close.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   With strong equity markets and cheapening oil prices, the cattle contracts
closed sharply higher. Still no cash cattle trade has developed yet this week,
but feedlot managers are hopeful that the board's higher trend will help sell
cash cattle higher too this week. July corn is down 1 3/4 cents per bushel and
July soybean meal is up $2.80. The Dow Jones Industrial Average is up 347.52
points and the NASDAQ is down 270.60 points.