MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri May 17, 2013 12:01 PM CDT

GENERAL COMMENTS:

Livestock futures have posted sharp losses in both cattle and hog futures markets. End-of-week liquidation and lack of cash market support is adding fuel to the fire at midday. Corn futures are trading higher in light trade at midday. July corn futures are holding 12 cent gains at midday. Stock markets are higher in light trade. The Dow Jones is 45 points higher while Nasdaq is up 12 points.

LIVE CATTLE:

Despite the ability to keep June live cattle futures contained to narrow losses Friday morning, the overall tone of the market has weakened further through the session. ...

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