NEWS
Rick Kment DTN Analyst
Mon May 5, 2014 11:49 AM CDT

OMAHA (DTN) -- Live cattle futures are holding gains, but support is limited to a very narrow trading range at midday. Mixed direction in boxed beef values seems to keep most traders on the sidelines. Lean hog futures are mostly higher as buyer support in deferred contracts still leads the market direction as traders focus on narrowing price spreads between nearby and deferred contract months.

Posted 11:01 -- Light buyer support trickled into nearby live cattle futures as traders focus on potential beef demand growth leading up to and through the Memorial Day holiday weekend. Lean hog futures are mixed ...

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