AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Apr 25, 2014 06:21 AM CDT

Cattle: Steady-$1 LR Futures: 10-30 HR Live Equiv $160.22 + $1.14 *

Hogs: Steady Futures: 10-30 LR Lean Equiv $124.56 - 0.71**

* based on formula estimating live cattle equivalent of gross packer revenue

** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

Cattle buyers have spent all week ignoring higher asking prices and procurement needs. But the clock is quickly running down on that luxury. Significant trade volume will have to develop sometime today. Asking prices will be restated around $148 in the South and $238 plus in the North. The April 1 on ...

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