MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed May 8, 2013 11:48 AM CDT

GENERAL COMMENTS:

Livestock futures are mixed with cattle futures holding moderate to sharp losses. Lean hog futures are the bright spot of the livestock complex with 30- to 50-cent gains at midday. Corn futures are lower in light trade at midday. July corn futures are holding 9-cent losses at midday. Stock markets are higher in light trade. The Dow Jones is 10 points higher while Nasdaq is up 7 points.

LIVE CATTLE:

Early trade in live cattle futures was mixed in a narrow range. Support steadily eroded through the morning as traders focused on sharp losses in feeder cattle futures ...

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