Rick Kment

DTN Analyst
Rick Kment
Rick Kment is DTN's ethanol and dairy analyst. Rick joined DTN in March 2005. He has more than 15 years of experience in the agribusiness and dairy industries, including five years managing his own farm and nine years working with agricultural producers and agribusinesses throughout the Midwest on animal nutrition and farm management.

Rick graduated from Kansas State University where he received an animal science degree, focusing on animal nutrition and management. After spending several years in the industry he returned to the University of Nebraska to earn an MBA in agribusiness focused on leadership development and agricultural finance and management.

Rick was born and raised in Norfolk, Nebraska. He has lived in several locations in the Midwest. He currently resides in Lincoln, Nebraska, with his wife Jacki and sons Cole and Quinn.

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    DTN Closing Livestock Comments

    Lean hog futures tumbled late Friday. Cattle futures closed mixed in a narrow range ahead of the USDA Cattle on Feed report.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Lean hog futures are posting sharp triple-digit losses late Friday based on increased market pressure developing ahead of Memorial Day weekend. Early support in cattle futures has eroded with traders selling ahead of the cattle...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen Friday morning with traders looking for increased overall support through the entire complex. Cattle traders are adjusting positions in front of the cattle on feed report released Friday afternoon.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Market interest is expected to remain extremely sluggish Friday ahead of the three-day holiday weekend. Mixed trade is expected early in the session with cattle traders attempting to adjust to the upcoming cattle on feed report.

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    DTN Closing Livestock Comments

    Livestock traders were encouraged by increased export sales and lower beef supplies this week, but traders remain cautious given the potential for bearish news late in the week.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited activity is seen Thursday morning with light volume seen through the entire complex. Prices have backed away from early morning live cattle gains.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Cattle futures have bounced higher following supportive cold storage and export sales reports. Even though buying remains sluggish, the shift higher is pointing toward market optimism building through the entire complex.

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    DTN Early Word Opening Livestock

    Limited volume is expected through the end of the week with traders caught between follow-through selling interest and pre-holiday short-covering. Firmness is expected following the April Cold Storage report, which showed strong...

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    DTN Closing Livestock Comments

    Light pressure developed in livestock markets late Wednesday following mixed trade. Cash cattle trade started to develop in most areas with prices steady to $2 per cwt lower.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light pressure remains Wednesday morning following initial follow-through pressure through the complex. Traders continue to focus on growing cattle supplies and uncertainty in pork demand.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Follow-through losses have developed in cattle and hog futures Wednesday morning, although limited volume has contained losses in a moderate range. However, the underlying softness remains evident.

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    DTN Early Word Opening Livestock

    Follow-through weakness is expected in the livestock complex early Wednesday morning as concerns continue about cattle supplies and pork demand surrounding the trade war with China.

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    DTN Closing Livestock Comments

    Sharp losses in feeder cattle and lean hog futures led to concerns of renewed market pressure. Cattle on Feed report estimates that point to sharp placement and on-feed growth during April also created concerns.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm pressure quickly moved through feeder cattle and lean hog trade Tuesday morning as traders focus more on feed costs associated with elevated grain trade. Firm follow through pressure is expected through the rest of the...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited long term direction is keeping prices mixed early Tuesday as traders are putting more focus on grain market moves and the short and long term impact on livestock production costs.

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    DTN Early Word Opening Livestock

    Activity levels through livestock markets should remain sluggish Tuesday as limited new information is available, which should keep markets within the current trading range.

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    DTN Closing Livestock Comments

    Strong early losses in feeder cattle futres slowly but steadily eroded through the session with traders adjusting from Friday's market swings. Limited market direction developed in all livestock futures as cattle pressure was...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong underlying pressure is moving through the entire cattle complex as traders back away from last week's gains. Firm pressure developed through live cattle trade, with hog markets unable to hold early gains.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm underlying support is quickly moving back into the lean hog complex. This is sparking additional widespread price support with nearby futures holding triple-digit gains.

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    DTN Early Word Opening Livestock

    Light trade is expected early Monday with traders in the beef complex focusing on additional potential trade in the Japan market following last week's announcements of full access for beef exports.

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    DTN Closing Livestock Comments

    Strong support quickly moved into cattle markets Friday, pushing feeder cattle futures $2 to $2.62 higher and away from long-term support levels.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong buyer support has quickly moved through live cattle trade with triple digit gains in both live cattle and feeder cattle holding markets higher.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited movement in futures trade is expected Friday morning following cash erosion in the cash cattle market during early week trade. This may allow traders to pull back from recent support which developed in the last half of the...

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    DTN Early Word Opening Livestock

    Market activity is expected to remain sluggish through most of the Friday session with a combination of follow-through buying met with end-of-week positioning following underlying support moving into the complex the last couple of...

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    DTN Closing Livestock Comments

    Traders pushed livestock futures higher through the end of the trading session Thursday as they focused on growing pork and beef demand. This offset higher grain prices and disappointing export news.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm buyer support is seen through the lean hog complex although mixed price levels are seen. The ability to bounce off of early lows is sparking increased underlying support through the entire complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Cancellations of previous sales to China highlighted the export sales report Thursday morning. This quickly shifted market direction in hog futures as triple-digit losses moved through the complex.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Follow-through support is expected in the hog complex early Thursday with traders looking for any sense of hope in the Thursday's Export Sales report. Cattle futures are expected to be mixed as cash cattle trade has shown...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Follow-through buyer support is moving through lean hog trade with nearby contracts holding triple-digit gains. Cattle futures are mixed as continued grain market support is limiting the potential for buyer interest in feeder...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Despite the continued uncertainty concerning trade with China, overall pork demand continues to remain strong. This is helping to add increased overall support through nearby trade. Cattle futures are mixed in narrow trading...

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    DTN Early Word Opening Livestock

    Light-to-moderate buyer support is expected in the lean hog futures complex early Wednesday as traders rebound from early-week pressure with traders focusing on short-term fundamental growth.

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    DTN Closing Livestock Comments

    All livestock markets saw active buying early Tuesday. Hog futures were able to sustain early gains, while cattle futures eroded in late-day trade.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Aggressive buying quickly moved into all livestock trade following underlying interest seen in most commodity markets as well as financial trade. Limited volume in cattle futures is eroding early support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Short covering is seen in all markets with triple-digit gains developing in cattle and hog futures. This is moving markets away from previous support levels as support is seen in most markets Tuesday.

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    DTN Early Word Opening Livestock

    Traders are expected to enter the market with mixed trade levels Tuesday morning following the underlying early-week pressure. The overall pressure Monday will create market uncertainty, but the complex remains oversold.

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    DTN Closing Livestock Comments

    Limit losses settled in lean hog trade following active pressure in all livestock trade. The concern that recent tariff hikes on both sides of the China and U.S. trade war has eroded any hope of a deal in the near future.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong underlying pressure is seen through the entire livestock market Monday morning with traders concerned about further market direction based on outside market losses.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active losses are seen in most contracts with traders focusing on the inability to make progress in trade talks with China last week and overall economic uncertainty.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Follow-through buying is expected through the cattle complex during early-week trade as traders continue to focus on the previously oversold status of the complex and increased interest developing in the next couple of weeks.

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    DTN Closing Livestock Comments

    Strong late-week gains in cattle futures helped minimize the early week damage to the cattle market. Limited long-term direction is still keeping many traders on the sidelines, resulting in increased uncertainty. Hog futures...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong underlying support is steadily moving into cattle futures midday Friday. This break away from market liquidation is opening the door for renewed trade volume.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen in all livestock trade early Friday morning with the focus on underlying softness seen early in the week. Initial support is slowly eroding with more trade volume moving into the complex, although the tone of...

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Following another week of wild market pressure in livestock trade, traders appear to be focusing on end of week stability following redeveloping buying activity late Thursday afternoon. This may bring some needed stability to the...

  • (DTN file photo)

    DTN Closing Livestock Comments

    Late day buying moved into all trade with hog futures reversing from early morning losses to triple-digit gains in several contract months. The ability to close the session higher may change trade interest late in the week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    While trade talks with China develop in Washington, traders are quickly backing away from the hog complex once again based on concerns that increased trade may not develop.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    The weak market tone is expected to continue through the entire complex with traders looking for end of the week direction. Traders will closely monitor the Export Sales report Thursday morning, looking for additional sales of...

  • (DTN file photo)

    DTN Closing Livestock Comments

    Growing uncertainty ahead of the next round of trade talks with China has put increased pressure on all livestock trade. The focus through the complex is on long-term demand for pork and beef, as the most aggressive hog...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong underlying pressure developed through the entire livestock complex midday Wednesday. Concerns surrounding further technical liquidation as well as cash market weakness is eroding trader resolve.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Continued uncertainty has swept through livestock trade Wednesday morning as traders focus on still weak market structures, but attempt to build a sense of stability through the complex over the coming days.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Follow-through buyer support is expected to slowly and cautiously step into the oversold livestock complex early Wednesday morning. The ability to regain price support Tuesday with feeder cattle trade holding triple-digit gains is...

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    DTN Closing Livestock Comments

    Feeder cattle futures led cattle markets lower with triple-digit losses. Hog futures held firm early gains, but a lack of bullish news led to an erosion of support by the end of Thursday's session.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Feeder cattle losses continue to lead the entire cattle complex lower midday Thursday. Hog markets have continued to hold moderate to active support with triple-digit gains seen in nearby trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm underlying support is moving into lean hog trade despite no additional sales to China last week in the export sales report. Cattle markets shifted higher at opening bell, but the ability to hold gains is under question.

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    DTN Early Word Opening Livestock

    The morning release of the Export Sales report will be the main focus in the lean hog complex Thursday. Traders are looking for increased sales to China in order to sustain the market rally that developed midweek.

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    DTN Closing Livestock Comments

    Lean hog futures were locked limit higher the last half of Wednesday's trading session. Cattle futures eroded despite firm gains early in the session. Additional market shifts are likely through the end of the week.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limit gains flooded into lean hog futures midday Wednesday as traders back away from previous liquidation. Cattle prices have also firmed through the morning with traders looking for increased support during early May.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited buying is seen in livestock trade as traders become more active. The majority of support is seen in nearby lean hog trade as traders try to regain market support following the aggressive losses over the last couple of...

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    DTN Early Word Opening Livestock

    Changing the page on the calendar is expected to have little impact on overall market direction Wednesday morning. Underlying market softness is likely to redevelop in most contracts as traders search for underlying buyer support.

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    DTN Closing Livestock Comments

    Live cattle futures started the day narrowly mixed but turned lower late Tuesday following triple-digit losses in feeder cattle futures. Hog futures eroded through the end of the session, unable to sustain initial buyer interest.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong follow-through pressure is creating technical market shifts through nearby feeder cattle trade This has had very limited impact on live cattle markets which seem willing to hold current levels through the end of the month.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm gains quickly moved through lean hog futures Tuesday morning. End of the month short covering is the focus of many traders although the overall tone of the entire livestock complex is expected to remain sluggish through...

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    DTN Early Word Opening Livestock

    Sluggish trade volume is expected on the last trading day of April as traders continue to focus on recent pressure, but overall lack of seller momentum as traders square positions.

  • (DTN file photo)

    DTN Closing Livestock Comments

    Firm losses redeveloped in lean hog and feeder cattle trade as buyers are unwilling to step back into the eroding market. Limited volume was seen through the entire session, allowing for potentially light volume Tuesday on the last...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Follow-through pressure is seen in lean hog trade with triple-digit losses seen through most of the morning Monday. Traders continue to back away from previous support amidst concerns export sales will not hold up to previous...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong triple-digit losses have redeveloped in hog trade Monday. Concerns that overall actual pork sales to China may not be able to hold up to the previous market optimism early in the month.

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    DTN Early Word Opening Livestock

    A combination of follow-through selling and end of the month short-covering is expected Monday across most livestock trade. This recent shift lower is still filled with emotion as traders quickly try to adjust positions.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Trades are focused on end-of-week market adjustments with light volume keeping trading ranges narrow. The underlying pressure in the complex continues to add uncertainty early next week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Traders remained much calmer Friday morning as prices remain mixed during early trade Friday morning. The aggressive limit or near-limit losses seen in cattle and hog markets Thursday is allowing for buyers to move back into the...

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    DTN Early Word Opening Livestock

    Market bearishness has swept through the cattle and hog futures this week, which could lead to additional sharp losses in most contracts.

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    DTN Closing Livestock Comments

    Traders reacted to the lack of pork sales to China by pushing most contract months limit lower Thursday. The inability to continue aggressive sales notices took the market by surprise. Cattle futures also continued shift lower...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Traders in nearby lean hog futures quickly reacted to the disappointing export sales report with limit losses. Additional sharp pressure is holding in cattle trade, adding to widespread market concerns.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Disappointment from lack of export sales to China last week has quickly sparked aggressive selling in lean hog futures. Limit losses developed early based on the lack of China interest. Cattle trade has continued lower, expanding...

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    DTN Early Word Opening Livestock

    Traders will closely focus on the weekly Export Sales report Thursday, looking for any additional China sales. This could help give additional direction to the complex.

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    DTN Closing Livestock Comments

    Strong underlying pressure developed in live and feeder cattle futures. This pushed contracts to triple-digit losses as technical pressure quickly swept through the entire complex.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Sharp triple-digit losses have quickly swept through cattle trade with technical pressure moving through all contracts. Hog futures are mixed with very limited activity seen Wednesday.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active pressure moved into live cattle and feeder cattle markets as technical weakness is posting moderate to active losses in most contracts. Limited weakness in hog futures may allow for renewed buying as the session continues.

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Limited interest is expected in cattle futures early Wednesday as traders continue to hold prices in a narrow-to-moderate range. Early follow-through pressure is likely in hog trade, although the potential for short-covering is...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Hog futures quickly turned around midmorning as sharp triple digit losses quickly ran out of gas, leaving buyers an open door to move back into the complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited support is slowly but steadily developing in live cattle trade. This is helping to spark some underlying support through the entire cattle complex.

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    DTN Early Word Opening Livestock

    Strong triple-digit losses Monday is likely to limit buyer support early in the Tuesday session. This could leave markets lightly traded, bringing additional volatility to the complex.

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    DTN Closing Livestock Comments

    Market weakness quickly developed in cattle and hog futures Monday. This softness focused on growing cattle supplies and concern that long-term pork demand will be unable to meet previous hopes.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm pressure has quickly developed Monday morning with cattle and hog futures holding triple digit losses. There continue to be increased weakness through the entire complex, although volume remains sluggish.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Initial mixed trade has turned lower with increased pressure developing in cattle and hog futures as traders return to the complex. Larger than expected feeder cattle placements in March is adding triple-digit pressure to summer...

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    DTN Closing Livestock Comments

    Livestock futures ended mixed in quiet trade Thursday ahead of the long holiday weekend. Increased cattle placements and more cattle in feed yards detailed in Thursday's USDA Cattle on Feed report may affect market direction...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Despite additional pork sales to China reported, traders pulled back from earlier support as export expectations remain high. Limited movement is seen in all markets ahead of the long weekend.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Hog futures have posted limited pressure despite additional export sales news to China. Clearly traders were looking for much more aggressive buying activity from the export sales report in order to maintain previous gains. Cattle...

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    DTN Early Word Opening Livestock

    Thursday trade is expected to be limited ahead of the three-day weekend. Traders are looking for additional long-term direction in hog futures, focusing on results from Thursday's Export Sales report.

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    DTN Closing Livestock Comments

    Nearby and deferred lean hog futures continued to move in opposite directions Wednesday, as a lack of fundamental support is eroding summer prices. Cattle markets struggled to move in any direction Wednesday.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Additional market swings are developing in lean hog futures with nearby trade holding firm triple-digit losses, while strong gains move into deferred contracts. Cattle markets remain sluggish, stuck in a narrowly mixed range.

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    DTN Early Word Opening Livestock

    Limited activity is expected early Wednesday with traders focusing on recent wide market spreads between nearby and deferred moves in lean hog futures.

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    DTN Closing Livestock Comments

    Cattle futures saw strong gains Tuesday as early market apathy quickly sparked buyer interest. Live cattle and feeder cattle futures shifted $1 per cwt higher in several nearby contract months.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Buyers have steadily stepped into cattle futures with live cattle markets trading moderately higher at midday. The underlying support is focusing on continued seasonal support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited interest is developing Tuesday morning as traders hold narrowly mixed price shifts. The lack of developing price direction may not only keep price moves subdued, but will likely limit trade activity through most of the morning.

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    DTN Early Word Opening Livestock

    Light early trade volume is expected as traders continue to assess the fundamental support this week. Mixed trade is likely early in the session until additional volume trickles into the complex.

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    DTN Closing Livestock Comments

    Livestock traders seemed to take a breather as they returned from the weekend. Most futures contracts saw limited gains in light-volume trade Monday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Lack of direction and market activity is seen early Monday. This is allowing for mixed moves in cattle futures, while slow but steady gains have worked into hog trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Early trade is contained in a narrow range as mixed trade and sluggish volume is seen in all markets. The focus through the complex continues to be based on positioning after last week's market swings and potential additional...

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    DTN Early Word Opening Livestock

    Limited market activity is expected on Monday morning with traders adjusting from late-week moves and focusing on outside market direction early in the week.

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    DTN Closing Livestock Comments

    Volatility swept through hog futures over the last couple of sessions. This led to mixed market moves at the end of the week with trades focused more on contract positions than overall market direction.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    The market high Thursday sparked by aggressive sales to China has left the market uncertain as traders quickly back away from previous prices. Lack of consistency in cash values through the week is adding to market volatility.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active pressure is quickly and aggressively moving through lean hog trade despite recent reported sales to China. Traders continue to remain uncertain due to the volatility of the market, with even more long term uncertainty seen...

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    DTN Early Word Opening Livestock

    Light follow-through support is expected to trickle into lean hog trade Friday morning. This could allow for additional end of the week support, although traders are looking for additional longer-term direction.

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    DTN Closing Livestock Comments

    Reports of large sales of U.S. pork to China on Thursday morning sparked sharp gains in all lean hog futures, although the momentum eased later in the day. Cattle futures firmed on spillover support and limited activity.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Triple-digit gains continue to hold midday in most lean hog futures. This was sparked by aggressive sales and shipments to China in this week's export sales report.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Sales activity to China in Thursday's export sales report sparked additional sharp gains. This continues to focus on the need to supply china with pork products despite tariffs.

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    DTN Closing Livestock Comments

    Buyers quickly stepped back into the hog trade Wednesday, pushing many contracts triple digits higher.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Early market pressure in lean hog trade quickly ran out of gas, allowing for active buyer interest to flood the complex. This allowed for triple-digit gains to sweep through most hog contracts.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong triple-digit losses quickly moved into lean hog futures based on follow-through liquidation after Tuesday's limit losses. Light to moderate pressure is slowly developing across the cattle complex despite limited volume.

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    DTN Closing Livestock Comments

    Hog futures saw sharp losses Tuesday with most contracts down the $3-per-hundredweight limit at closing bell. This may spark increased liquidation at midweek.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active selling quickly moved into lean hog trade as traders start backing away from previous gains. Concerns of demand uncertainty and trade to China is creating pressure Tuesday.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate to strong losses have quickly developed through most of the hog complex Tuesday morning. Concerns surrounding export business and trade deals is starting to erode earlier optimism.

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    DTN Early Word Opening Livestock

    Underlying firmness is expected to redevelop in lean hog trade early Tuesday morning following early-week position-taking and adjustment from previous gains.

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    DTN Closing Livestock Comments

    Livestock futures were mixed in sluggish trade Monday. Prices pulled back early as traders continued to adjust positions and take profits, but late-day support pulled most contracts off of early lows.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Nearby hog futures have turned lower Monday morning as traders adjust positions following $10-per-cwt gains last week. The focus on market positioning is taking priority through morning trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited activity is seen early Monday morning with traders focusing on narrowly mixed market swings in all livestock trade. This could help to stabilize price direction later in the day.

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    DTN Early Word Opening Livestock

    Momentum concerning potential long-term demand for pork in China continues to fuel buying activity through the pork complex. Traders are expected to remain optimistic early Monday morning with follow-through buying likely.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Triple-digit losses quickly swept through live cattle trade. This sparked uncertainty through the entire complex, although most initial selling is focused on end of the week position taking.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Fueled with hopes and expectations of a trade deal getting done with China, strong follow-through buying develops in hog trade. This is keeping markets bullish through the end of the week.

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    DTN Early Word Opening Livestock

    Strong buyer support is expected to continue in cattle and hog futures with increased underlying support sparking late-week rallies.

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    DTN Closing Livestock Comments

    Strong support flooded livestock trade as renewed focus on China trade sparked limit hog market gains.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active triple-digit gains are seen in most livestock futures with traders focusing on underlying fundamental support late in the week and potential demand support in beef and pork markets.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Active follow-through support is quickly moving through lean hog and feeder cattle trade Thursday. The focus on potential long-term buying is stimulating buying activity in all livestock markets.

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    DTN Early Word Opening Livestock

    Underlying support in hog trade is being driven by expectations of a China trade deal and potential sales to China in the export sales report.

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    DTN Closing Livestock Comments

    Hog futures continued to rally Wednesday as traders anticipate progress on a trade deal with China.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    As the next round of trade talks develop through the rest of the week, hog futures are surging higher with expectations that a trade deal will sharply increase overall pork demand.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Aggressive buying has redeveloped early Wednesday morning. This is sparking additional underlying support through the entire complex as traders anticipate developments in a potential China trade deal.

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    DTN Early Word Opening Livestock

    Active buying in the lean hog trade Tuesday could give additional market support, which would add even more support to the entire complex this week.

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    DTN Closing Livestock Comments

    Lean hog futures posted sharp gains Tuesday. Even though nothing official has been announced in the U.S.-China trade talks, traders continue to look for increased buying activity from China.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Lean hog futures rebounded Tuesday morning with triple-digit gains in all contracts. This underlying support is helping to rekindle buyer interest in nearby and deferred trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong underlying support has quickly moved back into lean hog futures, adding even more volatility to the aggressive moving hog complex. Spill over support is trickling into cattle trade.

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    DTN Early Word Opening Livestock

    Limited activity is likely Tuesday as traders focus on further short-term market shifts. Little outside market direction is expected through the morning, allowing livestock trade to focus on potential fundamental shifts through...

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    DTN Closing Livestock Comments

    Initial triple-digit losses quickly evaporated in most lean hog contracts Monday as traders focused on potential market stability and firming pork values in morning cutout reports. Cattle markets shifted higher with traders looking...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Expectations that spring consumer demand will spike through early April is bringing active buyer interest back to cattle futures. Hog markets remain mixed, but quickly moving away from sharp initial losses.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Follow-through selling pressure quickly moved back into lean hog trade as the month of April opened with triple-digit pressure seen in most contracts. Mixed trade is slowly trickling into cattle trade as traders search for stability.

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    DTN Early Word Opening Livestock

    Additional market volatility is expected to redevelop as traders move into the month of April. Ongoing uncertainty about pork demand and the concern that recent movement to China may not be as secure as previously hoped, may...

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    DTN Closing Livestock Comments

    Lean hog futures closed $2 to $4 per cwt Friday, raising concerns the pullback could continue in early April. Cattle futures also eroded Friday on pressure in most ag commodity markets.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong early pressure continued the bearish tone through the entire livestock complex. But prices moderated late-day with traders focusing on squaring positions at the end of the month.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Triple-digit losses redeveloped in hog markets as expanded trading limits have allowed deferred contracts to move $3 to $4 per cwt lower in early trade. The bearish tone of the market is wiping out previous emotional buyer...

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    DTN Early Word Opening Livestock

    Sharp losses Thursday are opening the door for expanded trade limits at the end of the week. The volatility is likely to spark some additional market pressure through the month of March.

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    DTN Closing Livestock Comments

    Lean hog futures ended $3 per cwt lower Thursday on concerns China might not continue to buy U.S. pork, as well as emotional weakness following recent gains. Cattle trade remained sluggish with prices settling narrowly mixed.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Aggressive pressure has continued to develop through lean hog trade as traders remain concerned about future pork demand and export movement through the rest of the year.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Concerns of long-term pork demand has once again crept through the complex with increased uncertainty seen in all livestock trade. This overall lack of direction may add to firm weakness through the Thursday session.

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    DTN Early Word Opening Livestock

    Look for a defensive open on Thursday based on strong pressure midweek in outside markets and livestock trade. Increased focus on outside market direction in early trade will likely set the tone for the rest of the week.

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    DTN Closing Livestock Comments

    Cattle futures continued their three-day slide on Wednesday. Cash cattle started to trade at midweek, falling $2 from last week. Meanwhile, the April lean hog futures contract surged higher.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong triple-digit losses have quickly developed in May through December contracts as traders back away from recent support.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate to strong pressure is redeveloping through lean hog trade. This is moving across the entire complex, adding spillover pressure in cattle markets Wednesday morning.

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    DTN Early Word Opening Livestock

    The potential support from a China trade deal could sustain hog market buyer support at the top end of the market range, which is rekindling trader interest.

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    DTN Closing Livestock Comments

    Most livestock contracts saw moderate-to-firm pressure Tuesday on concerns about follow-through pressure through the end of the month.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Limited direction is seen Tuesday morning with prices shifting higher and lower in a narrow to moderate range. The potential to keep prices hovering in current trading ranges have limited overall buyer interest.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Limited direction seen Tuesday morning is expected to be seen through the entire complex. Follow-through cattle losses have slowed, but still create uncertainty through the end of the month.

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    DTN Early Word Opening Livestock

    Strong early-week losses have allowed for increased uncertainty through cattle trade as traders try to adjust to larger feedyard numbers.

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    DTN Closing Livestock Comments

    Traders quickly adjusted positions Monday, putting pressure on deferred lean hog futures. Cattle futures were weaker on increased placements in February.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Increased volume Monday morning sparked moderate to strong losses in all livestock trade. This lack of early-week buyer support is causing traders to quickly adjust positions following strong gains late last week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Initial buyer support returned to lean hog futures trade Monday morning following Friday's wide market shifts, but traders seem to remain extremely cautious as session highs were quickly capped due to limited activity.

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    DTN Early Word Opening Livestock

    Little market activity is expected through most of the morning Monday with trades reassessing overall market direction following the recent swift price shifts that developed late last week.

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    DTN Closing Livestock Comments

    Hog futures showed their first signs of uncertainty Friday morning as traders pulled back from limit gains in summer trade. Trading stabilized late in the session, resulting in a mixed close.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Following early buyer support, traders quickly backed away from all livestock markets at midday. This allowed for increased market uncertainty at the end of the week and mixed price levels.

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    DTN Early Word Opening Livestock

    Limit gains in hog trade the last two trading sessions is bringing the focus on end-of-the-week direction into the complex.

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    DTN Closing Livestock Comments

    Expanded trading limits did little to curb buyer support Thursday with prices swiftly moving higher, closing $4.50 per cwt higher in most nearby contracts. This once again sets the stage for wide trading ranges to redevelop Friday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Sharp triple-digit gains have flooded into hog trade. This has expanded contract highs in all nearby markets, allowing for further potential gains through the end of the session.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong gains have quickly developed in feeder cattle and lean hog futures. The aggressive buyer support, has added additional fuel to the fire.

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    DTN Early Word Opening Livestock

    Active buyer support quickly flooded livestock trade late Wednesday. This is expected to bring additional activity during early trade, despite initial volume remaining limited.

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    DTN Closing Livestock Comments

    Continued market support flooded the hog complex with nearby futures locked in limit gains. This brought increased interest through the complex.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active trade has pushed lean hog futures sharply higher Wednesday morning with nearby and deferred contracts posting uniform triple-digit gains. This is sparking increased momentum through the week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buying has quickly moved into hog futures trade with traders focusing on regaining momentum despite the recent market pullback. This may add some increased volume as traders continue to focus on firming cash values and...

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    DTN Early Word Opening Livestock

    Triple-digit gains Tuesday in feeder cattle has the potential to spark additional interest midweek in all cattle markets. Hog futures are focused on maintaining stability at recent high prices.

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    DTN Closing Livestock Comments

    Underlying support moved back into feeder cattle trade Tuesday. April futures tested short-term resistance levels, sparked by supply concerns and adverse weather conditions.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light to moderate softness is seen in lean hog trade with increased underlying pressure holding across the entire complex. This may start to limit recent buyer optimism over the next couple of days. Cattle trade has surged higher...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Sluggish trade activity is seen through the complex with increased buyer support focusing on nearby contracts, although trade is expected to remain range bound through most of the morning.

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    DTN Early Word Opening Livestock

    Continued underlying support is developing through all lean hog futures as traders are focusing on continuing the first strong rally of 2019.

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    DTN Closing Livestock Comments

    Expectations for strong domestic and export markets helped push hog futures triple digits higher Monday.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Mixed trade has held through the entire morning in hog and cattle trade with traders still focusing on market firmness based on last week's gains. But the inability to sustain significant buyer interest early morning has kept price...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow market moves have developed early Monday as traders are adjusting to the sharp triple-digit gains flooding into the market late last week. This may add even more uncertainty to the entire complex through the rest of the...

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    DTN Early Word Opening Livestock

    Limit gains in lean hog futures Friday is sparking increased underlying support through the entire livestock complex, although continued market strength may come with short-term market corrections.

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    DTN Closing Livestock Comments

    Continued pressure developed in feeder cattle trade Wednesday with futures breaking through initial support levels. Cattle futures slowly shifted lower, as well, but light-volume trade limited losses.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Light volume has developed in livestock trade Wednesday morning with little to no news developing in market fundamentals. Outside market pressure is keeping most traders attention elsewhere, allowing limited interest in livestock trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow market shifts have developed, allowing for traders to focus on additional direction in meat markets and potential cash activity. Limited volume is expected through most of the morning.

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    DTN Early Word Opening Livestock

    Limited interest is expected to develop early Wednesday in all livestock trade. This is allowing for increased underlying support to continue in hog prices, while cattle markets are likely to wander in a mixed range early Wednesday.

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    DTN Closing Livestock Comments

    Lean hog futures rallied Tuesday on follow-through buyer support. This helped to spark some additional buyer activity through the rest of the livestock market. Cattle futures stabilized, with renewed buyer interest seen in spot...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong triple-digit gains continue to hold in lean hog futures as active buying develops in all nearby contracts. Early cattle losses have moderated due to limited interest.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buyer support is slowly but steadily moving into hog trade Tuesday morning. This is helping to draw additional underlying support through the complex. Cattle futures are weaker with follow through pressure developing.

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    DTN Early Word Opening Livestock

    Follow-through pressure is expected early Tuesday in cattle trade. This could continue to erode previous support as traders start looking for any sign of support in April contracts.

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    DTN Closing Livestock Comments

    Sharp losses developed quickly in nearby live cattle trade on Monday. This lack of sustained buyer support pulled prices off recent highs as a moderate correction appears to be developing. Hog futures shifted higher Monday...

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong nearby pressure is holding in live cattle trade as traders start adjusting markets lower with little resistance expected early March. Firm buying moved into hog trade early Monday, but gains have quickly eroded through the...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong gains have moved into nearby lean hog trade as traders start to ratchet up price levels through the complex. This may add some additional buyer support through early March.

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    DTN Early Word Opening Livestock

    Moderate-to-strong support in cash cattle prices and wholesale beef values last week is firming the underlying tone in the cattle trade. Hog markets are expected mixed as fundamental support remains uncertain.

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    DTN Closing Livestock Comments

    Early gains quickly developed in all livestock trade Friday morning, but Limited buyer interest pressured futures the rest of the session, resulting in futures ending mixed at closing bell.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong early morning support quickly swept through livestock trade. But the inability to spark follow-through buyer interest quickly allowed markets to erode late morning. This could cause mixed market shifts through the last hour...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Firm buying in live cattle trade sparked early gains. This moved broke through 2018 market highs of $130.10 per cwt, allowing expectations of follow-through gains through early March.

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    DTN Early Word Opening Livestock

    Light-to-moderate activity is expected to develop Friday, keeping prices within a narrow range. Cash cattle trade will likely be seen late Friday.

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    DTN Closing Livestock Comments

    Strong pressure in feeder cattle futures led to widespread softness through the entire cattle market. The move leaves late-week market direction uncertain.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Active pressure has quickly moved through feeder cattle futures. This has sparked underlying concerns that spillover pressure will erode recent gains in live cattle trade.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Moderate support is moving into lean hog trade with increased underlying focus developing through the entire complex. End-of-month market adjustments are likely to continue through the day.

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    DTN Early Word Opening Livestock

    Trade is expected to remain sluggish through the end of the week with end-of-month position adjustments developing Thursday. This could keep prices hovering in a narrowly mixed range through most of the session.

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    DTN Closing Livestock Comments

    Wednesday's livestock trade could be characterized as "support that almost was." Live cattle futures tested long-term support with April reaching its $130.10 resistance level, but unable to push through that level.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Following a weaker start Wednesday, buyers stepped back into the hog complex, moving nearby contracts firmly higher, creating additional distance from support levels seen early in the week.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Narrow trading ranges are seen in cattle futures with April futures testing resistance levels of $130 per cwt. Hog price have ratcheted lower with traders adjusting positions following sharp triple-digit gains Tuesday.

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    DTN Early Word Opening Livestock

    Buyers are expected to slowly step back into the complex early Wednesday morning following triple-digit gains in nearby contracts earlier in the week. The follow-through buyer support will likely build on late-month buyer interest...

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    DTN Closing Livestock Comments

    Strong support quickly moved into livestock trade Tuesday with both cattle and hog futures seeing triple-digit gains, moving them away from long-term support levels.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Firm support has steadily moved into hog futures Tuesday morning. Gains in wholesale pork values has diverted the underlying pressure off of product movement as packers get back to normal following the weekend storms.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Morning gains have quickly developed through lean hog futures trade with nearby contracts posting $1 per cwt gains. The focus on covering short positions following Monday's losses is taking precedent through the complex.

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    DTN Early Word Opening Livestock

    Triple-digit pressure Monday in lean hog trade is setting the complex up for additional follow-through losses early Tuesday morning. Traders are focusing on renewed fundamental pressure and potential contract lows in hog trade.

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    DTN Closing Livestock Comments

    Lean hog futures saw triple-digit losses again Monday, sparking renewed concerns about bearish fundamentals and the potential to shatter price support levels.

  • (DTN file photo by Russ Quinn)

    DTN Midday Livestock Comments

    Strong pressure is seen through lean hog futures with April futures holding losses of $2 per cwt or greater Monday morning. Contracts are testing last week's losses, creating increased uncertainty through the entire complex.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell-Livestock

    Strong pressure redeveloped in lean hog futures Friday morning. This added even more uncertainty and volatility to the complex as traders look for support to rekindle the market momentum seen late last week.

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    DTN Early Word Opening Livestock

    Light cash cattle trade developed late last week in the North. This pushed dressed trade to $202 per cwt, a $2 per cwt rally from the previous week. This is expected to spark some interest in futures trade early Monday.