NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Thu Jan 23, 2014 11:35 AM CST

GENERAL COMMENTS:

Livestock futures are under pressure Thursday morning. Live cattle and feeder cattle markets are leading the market lower with most contracts holding losses greater than $1 per cwt. The lack of support in boxed beef values Thursday morning are adding to the market uncertainty. Narrow trading ranges have been sustained in lean hog futures, which could help to spark late-day buyer interest. Corn futures are higher at midday. March corn futures are 3 cents per bushel higher. Stock markets are lower in light trade. The Dow Jones is 190 points lower while Nasdaq is down 40 points.

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