MARKETS NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri Jun 21, 2013 12:09 PM CDT

GENERAL COMMENTS:

Strong gains have developed through the live cattle futures market. This has overshadowed the pressure in lean hog markets and outside commodity markets. Corn futures are lower at midday. July corn futures are holding 6 cent losses at midday. Stock markets are lower in active trade. The Dow Jones is 62 points lower while Nasdaq is down 32 points.

LIVE CATTLE:

Sharp triple-digit gains have quickly developed across the live cattle futures market. With aggressive pressure in outside markets over the last couple trading sessions, there is more and more interest developing into the live cattle futures market. ...

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