NEWS
Rick Kment DTN Analyst
Fri Mar 8, 2013 11:50 AM CST

OMAHA (DTN) -- Sharp losses in the feeder cattle futures market are still holding at midday. This is sparking additional pressure in the live cattle futures which is now trading $0.70 to $1.20 per cwt lower. Lack of additional support in both the boxed beef report and cash cattle markets is weighing on the cattle complex. Lean hog futures posted light losses Friday after sharp losses on Thursday. Light buying may develop before closing bell, narrowing early market pressure.

Posted 10:58 -- Early support in the grain market and a lack of buyer support, led the livestock market lower with triple-digit ...

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