MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed Mar 27, 2013 12:07 PM CDT

GENERAL COMMENTS:

Livestock futures are mixed in a wide price range at midday. Technical support kicked into the live cattle futures market through the morning with June futures contracts defending the $121 per cwt threshold. This has created triple-digit gains in both live-cattle and feeder-cattle futures. Lean hog futures are sharply lower, unable to sustain Tuesday's rally. Corn futures are trading higher at midday in light trade. May corn futures are holding 5 cent gains at midday. Stock markets are lower in light trade. The Dow Jones is 44 points lower while Nasdaq is down 7 points.

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