NEWS
Rick Kment DTN Analyst
Tue Mar 19, 2013 12:09 PM CDT

OMAHA (DTN) -- Despite the light trade in the feeder cattle market, electronic markets have tumbled sharply lower at midday. All contracts are holding triple-digit losses with deferred contracts testing daily limits. Live cattle futures have quickly moved from the narrowly mixed trade seen early in the session to hold sharp losses. Concerns of demand support in both the beef and pork markets continue to put pressure on livestock prices.

Posted 10:43 -- Early support in the lean hog futures market quickly eroded following continued weakness in cash hog prices. Lack of direction in pork values and higher grain prices ...

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