DTN Ag Host Midday Livestock

Sharp losses in feeder cattle futures are leading the entire live cattle market lower. Initial market weakness seen Thursday across the cattle market led to additional concerns in both live cattle and feeder cattle futures. The overall lack of buyer support seems to be focused not only on outside market moves, but technical and fundamental pressure in both live cattle and feeder cattle markets seems to be building through the end of the week, leaving room for additional end-of-month weakness as traders look to close the books on February. May corn is up 3 at $4.465 and May soybean meal is down $2.00 at $318.9. The Dow Jones Industrial Average is down 579.61 at 48,919.59.