NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri Jan 18, 2013 12:04 PM CST

GENERAL COMMENTS:

The announcement Thursday that Cargill will close their Plainview, Texas, plant at the end of the month still has live cattle futures under pressure at midday. Although front-month futures have bounced off of session lows, the pressure is likely to continue through the end of the session. Corn futures are trading higher at midday in light trade. March corn futures are holding 3 cent gains at midday. Stock markets are lower in light trade. The Dow Jones is 5 points lower while Nasdaq is down 10 points.

LIVE CATTLE:

Nearby live cattle futures remain under pressure as front-month ...

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