AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Jun 26, 2014 05:57 AM CDT

Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $168.03 + 0.43*

Hogs: Steady-$1 HR Futures: 10-30 LR Lean Equiv $142.13 + $2.14**

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

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

GENERAL COMMENTS:

Feedlot county started trading cattle last Thursday, so it's a good guess that the needle on some packer tanks are edging toward "empty". We should at least see cattle buyers toss around more bids this morning, probably around $148 in the South and $235-236 in the North. Needless to say, such preliminaries ...

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