NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed Jun 12, 2013 11:46 AM CDT

GENERAL COMMENTS:

Livestock futures started higher through the morning on Wednesday, but early pressure quickly developed in the live cattle futures as demand concerns ran prices lower. Lean hog futures remain mostly higher, although uncertainty about additional buyer interest in the near future. Corn futures are lower at midday following the USDA report. July corn futures are holding 6 cent losses at midday. Stock markets are lower in light trade. The Dow Jones is 75 points lower while Nasdaq is down 20 points.

LIVE CATTLE:

The light mixed support seen early in the live cattle futures eroded through morning trade ...

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