Rick Kment DTN Analyst
Fri May 23, 2014 11:52 AM CDT

OMAHA (DTN) -- Feeder cattle losses continue to expand at midday with nearby contracts trading $2 to $2.40 per cwt lower. This pressure and lack of additional information has also created sharp triple-digit losses through nearby live cattle futures which are holding $1.20 to $1.45 per cwt losses. Lack of activity is expected through the rest of the trading session as most traders have already checked out for the long holiday weekend. Traders are expected to wait until Tuesday before they assess, or correct any chart damage done to contracts over the last couple of trading sessions. This could lead to ...

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