DTN Livestock Close: Cattle Futures Tumble Lower

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.

GENERAL COMMENTS:

Cattle futures turned sharply lower with triple-digit pressure through the entire complex. This pushed markets through support levels, breaking out of the sideways pattern of the last few weeks.

Hog futures stabilized, although limited movement was seen in most contracts.

Corn futures are lower in light trade. July futures fell 4 1/4 cents per bushel. The Dow Jones Index is 23 points lower with Nasdaq up 2 points.

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