MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Mon Apr 8, 2013 11:49 AM CDT

GENERAL COMMENTS:

Livestock futures are holding onto gains in nearby contracts at midday. Although buyer support remains evident, contracts have backed away from morning highs. The uncertainty about meat demand through the summer and fall months is adding additional pressure to deferred live cattle futures. Corn futures are trading mixed in light trade. May corn futures are holding 3 cent gains at midday. Stock markets are lower in light trade. The Dow Jones is 40 points lower while Nasdaq is down 2 points.

LIVE CATTLE:

Live cattle futures have bounce higher and lower through the morning. The widespread gain earlier ...

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