DTN Closing Livestock Comment 01/31 15:26
   Tuesday's Cattle Inventory Report Didn't Disappoint

   Come Wednesday both the live cattle and feeder cattle contracts are expected
to trade higher as traders finally have the opportunity to trade the bullish
nature of Tuesday's Cattle Inventory Report.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS

   The market's main focus throughout all of Tuesday's trading hours was the
Cattle Inventory Report and it came out extremely bullish. Come Wednesday both
the live cattle and feeder cattle contracts are expected to trade significantly
higher. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up
$0.77 with a weighted average of $70.85 on 7,747 head. March corn is down 4
cents per bushel and March soybean meal is down $4.50. The Dow Jones Industrial
Average is up 324.56 points.