DTN Midday Livestock Comments
Rick Kment DTN Analyst
Thu Jan 24, 2013 11:52 AM CST


Aggressive nearby gains have quickly developed in the lean hog futures market Thursday morning with traders focusing on developing pressure in the grain markets while short-term demand for pork continues to firm. The live cattle futures market is treading water in nearby contracts, while the excitement is seen in deferred futures, which have posted strong morning gains. Corn futures are trading lower at midday in light trade. March corn futures are holding 1 cent losses at midday. Stock markets are mixed in light trade. The Dow Jones is 65 points higher while Nasdaq is down 12 points.

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