NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri May 24, 2013 12:06 PM CDT

GENERAL COMMENTS:

Livestock futures are trading higher in very light trade activity. The direction of the market is expected to remain sluggish over the next couple of hours. Corn futures are lower at midday. July corn futures are holding 2-cent losses at midday. Stock markets are lower in light trade. The Dow Jones is 4 points lower while Nasdaq is down 7 points.

LIVE CATTLE:

Strong gains have developed through the morning Friday despite the lack of trade activity in the complex. Early support is expected to hold even though pressure is seen in both cash and boxed beef values. ...

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