NEWS
Rick Kment DTN Analyst
Mon Apr 22, 2013 12:00 PM CDT

OMAHA (DTN) -- Midmorning support in the feeder cattle futures market has eroded following lack of buyer interest in the live cattle futures contracts. Moderate pressure is holding in both live cattle and lean hog contracts as the light trade volume is limiting the desire for buyers to step back into the market. Pressure in the grain complex has kept the livestock market on the defensive through early week trade.

Posted 10:56 -- Early report pressure has cleared the feeder cattle market mid-morning and light gains have redeveloped in deferred futures contracts. The pressure in the grain market is also creating ...

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