MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri May 3, 2013 12:00 PM CDT

GENERAL COMMENTS:

Sharp losses have quickly developed in the live cattle and feeder cattle futures. A portion of this pressure is based on end-of-week positioning. But strong outside market support is also eroding buyer interest from commodity markets Friday morning. Corn futures are trading mixed in light trade at midday. July corn futures are holding 1 cent gains at midday. Stock markets are higher in light trade. The Dow Jones is 111 points higher while Nasdaq is up 39 points.

LIVE CATTLE:

Live cattle futures have taken a hard hit through the morning trade Friday. The sharp gains seen Thursday ...

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