NEWS
Rick Kment DTN Analyst
Wed May 8, 2013 11:53 AM CDT

OMAHA (DTN) -- Live cattle futures continue to hold moderate losses at midday, but nearby contracts have moved well off session lows following a sharp increase in choice beef prices on the morning boxed beef report. It is uncertain if renewed buyer support will develop given the continued pressure in feeder cattle futures. Lean hog contracts are maintaining moderate gains based on expectations that pork values will remain strong on firming demand.

Posted 10:46 -- Light early support that trickled into the cattle markets Wednesday morning slowly eroded. Nearby live cattle futures are holding losses of 25 to 80 cents per ...

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