FARM BUSINESS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Mon Aug 26, 2013 12:04 PM CDT

GENERAL COMMENTS:

Sharp losses have developed in feeder cattle futures. The rest of livestock complex is holding moderate to strong gains based on expected long-term production costs. Corn futures are higher at midday. September corn futures are holding 22-cent gains at midday. Stock markets are higher in light trade. The Dow Jones is 40 points higher while Nasdaq is up 31 points.

LIVE CATTLE:

Live cattle futures have fallen away from early session highs, but buyer support continue in deferred futures. Traders are looking for additional direction from both beef values and cash markets, which are limiting activity in ...

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