NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Wed Sep 4, 2013 12:11 PM CDT

GENERAL COMMENTS:

Sharp gains are developing in feeder cattle futures Tuesday morning. Lack of support in corn prices is causing additional buyer support to step into livestock futures.

LIVE CATTLE:

Livestock futures are mixed Wednesday morning with lean hog futures holding moderate-to-strong, near-term gains. Cattle futures are under pressure as weaker grain markets are limiting wider buyer support. Corn futures are lower at midday. September corn futures are holding 6-cent losses at midday. Stock markets are higher in light trade. The Dow Jones is 108 points higher while Nasdaq is up 33 points.

LIVE CATTLE:

Pressure in the grain ...

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