NEWS
DTN Midday Livestock Comments
Rick Kment DTN Analyst
Fri Oct 24, 2014 11:51 AM CDT

GENERAL COMMENTS:

Moderate to strong pressure has developed through the livestock markets with cattle futures showing the most pressure with triple-digit losses seen at midday. The interest based on sharply higher cash cattle prices was short lived, with traders now moving onto the afternoon cattle on-feed report as well as end-of-week positioning. Lean hog futures are under pressure although trade volume has slowed significantly. Corn prices are lower in light trade. December corn futures are 4 cents per bushel lower. Stock markets are higher in light trade. The Dow Jones is 88 points higher while Nasdaq is up 17 points.

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