MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Mon May 6, 2013 11:41 AM CDT

GENERAL COMMENTS:

Early support which developed across the livestock markets Monday morning has quickly faded by midday. Front-month live cattle futures remain slightly higher, but overall pressure through deferred futures has overtaken the complex. Weakness in both beef and pork price values early in the week have limited the initial optimism through the complex. Corn futures are trading lower in light trade at midday. July corn futures are holding 23 cent losses at midday. Stock markets are higher in light trade. The Dow Jones is 1 point higher while Nasdaq is up 12 points.

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