AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jun 27, 2014 06:10 AM CDT

Cattle: $1-3 HR Futures: 10-30 LR Live Equiv $167.94 - 0.09*

Hogs: Steady-$1 HR Futures: 10-30 LR Lean Equiv $140.27 - $1.86**

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

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

GENERAL COMMENTS:

Late-week cash cattle expectations are running quite high. In fact, most market watchers at this point question not whether feedlot sales will be stronger sometime today, but only how much higher country business will eventually be. Frankly, the trade is set to be generally disappointed if fed prices turn out to be ...

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