MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Thu May 9, 2013 11:43 AM CDT

GENERAL COMMENTS:

Trade through the first hour of trade remained weak through the livestock complex. But initial pressure quickly evaporated, and allowed moderate to strong buyer interest to quickly step into the market. Corn futures are trading higher in light trade at midday. July corn futures are holding 12 cent gains at midday. Stock markets are lower in light trade. The Dow Jones is 8 points lower while Nasdaq is down 1 point.

LIVE CATTLE:

Initial pressure in live cattle futures has quickly been replaced by moderate to strong movement at midday. The additional firmness of beef values in the ...

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