NEWS
Rick Kment DTN Analyst
Mon Jun 17, 2013 12:03 PM CDT

OMAHA (DTN) -- Live cattle futures continue to hold on to moderate to strong gains at midday. The firmness in boxed beef values on the morning report have helped to support early gains. But despite the gains in the cattle complex, the market is unable to break free of the current market range. This will likely keep price moves limited for the time being. Lean hog futures are hovering on either side of unchanged with nearby lean hog futures holding 10 to 20 cent losses, while deferred are posing 5 to 12 cent gains, so essentially going nowhere through the morning.

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