NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Mon Feb 4, 2013 11:50 AM CST

GENERAL COMMENTS:

Despite building pressure in the lean hog and feeder cattle futures markets at midday, live cattle futures are holding light nearby gains, while strong gains are seen in the summer contract months based on expectations of increased demand and tight supplies. Corn futures are trading lower at midday in light trade. March corn futures are holding 3 cent losses at midday. Stock markets are lower in light trade. The Dow Jones is 116 points lower while Nasdaq is down 35 points.

LIVE CATTLE:

Although trade activity remains sluggish in the live cattle markets, the midmorning gains in summer ...

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