MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed Jun 19, 2013 11:41 AM CDT

GENERAL COMMENTS:

Strong gains have developed in the livestock market with nearby futures holding strong triple-digit gains. There is no development in cash cattle activity, but traders are focusing on outside market support through the day Wednesday. Corn futures are higher at midday. July corn futures are holding 5 cent gains at midday. Stock markets are lower in light trade. The Dow Jones is 24 points lower while Nasdaq is down 7 points.

LIVE CATTLE:

What started out as weak trade in a narrow range early in the session has developed into moderate buyer support focused on outside market movement. ...

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