MARKETS NEWS
DTN Midday Livestock Comments
John Harrington DTN Livestock Analyst
Fri Oct 18, 2013 12:09 PM CDT

GENERAL COMMENTS:

Meat Futures Mostly Lower at Midday

The cattle complex near the noon hour is mixed in the live pit and moderately lower in the feeder trade. Lean hog futures are also under moderately pressure thanks to signs of negative fundamentals.

The cash cattle trade appears to be done for week with no bids evident at this time. Mandatory reports that both Nebraska and Iowa traded more than 45,000 head on a negotiated basis Thursday (e.g., Nebraska's dressed weighted average was $$203.62). According to the midday report, the National hog base compared with the Prior Day's closing weighted average ...

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