FARM BUSINESS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed Aug 20, 2014 11:57 AM CDT

GENERAL COMMENTS:

Livestock futures are trading sharply lower with the focus on weakness in meat values as well as longer term uncertainty about commercial or noncommercial support. Feeder cattle futures are leading the market lower, holding losses near the daily trading limit of $3 per cwt. Corn futures are lower at midday. September corn futures are 4 cents per bushel lower. Stock markets are higher in light trade. The Dow Jones is 30 points higher while Nasdaq is up 2 points.

LIVE CATTLE:

Sharp triple-digit losses are holding through the live cattle complex with traders focusing on near limit losses ...

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