NEWS
Rick Kment DTN Analyst
Fri Jan 24, 2014 09:39 AM CST

OMAHA (DTN) -- Active pressure is redeveloping across cattle futures. This two-day string of weaker prices is creating some underlying concerns in the market and could draw additional liquidation through the complex before the weekend. Feeder cattle futures are leading the market lower, with prices down $1 per cwt or more in several nearby contract months. Live cattle futures are currently 35 to 85 cents per cwt lower, as traders remain focused on longer-term market direction rather than just typical spillover support or market positioning. Firm gains are developing in lean hog futures as traders focus on the potential for the ...

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