MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Tue May 21, 2013 12:06 PM CDT

GENERAL COMMENTS:

Feeder cattle contracts led the charge Tuesday morning with strong gains in the livestock futures. Oversold live cattle markets are following behind. July corn futures are holding 14 cent losses. Stock markets are higher in light trade. The Dow is 51 points higher while the Nasdaq is up 7 points.

LIVE CATTLE:

Moderate to aggressive buyer support stepped back into the live cattle market Tuesday morning. The combination of firmness in feeder cattle futures, and strong losses in the corn market drew buyers back into an oversold live cattle market. Cash cattle activity is undeveloped with no bids surfacing ...

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