NEWS
Rick Kment DTN Analyst
Thu May 9, 2013 11:43 AM CDT

OMAHA (DTN) -- Gains in the nearby live cattle futures market continue to expand at midday. Despite strong gains in the corn market during morning trade, feeder cattle futures are showing moderate to strong price support. This, along with higher boxed beef values, has brought moderate buying interest back into the nearby live cattle futures. Lean hog futures are mixed, but showing significant improvement over the softness seen earlier in the day on Thursday.

Posted 10:41 -- Early pressure through the livestock futures market has peaked during the first hour of trade. This apparently cleared what seller orders that were seen ...

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