MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Mon Jan 28, 2013 11:50 AM CST

GENERAL COMMENTS:

The surge higher in the cattle market is the main attraction to not only the livestock complex Monday, but also the grain market. A combination of tighter cattle supplies in the January cattle on feed report as well as Japan announcing the increased age range of cattle expected is helping to push cattle futures sharply higher. Corn futures are trading higher at midday in light trade. March corn futures are holding 3 cent gains at midday. Stock markets are mixed in light trade. The Dow Jones is 11 points lower while Nasdaq is up 10 points.

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