AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jul 18, 2014 06:12 AM CDT

Cattle: Steady w/Thurs Futures: 25-50 LR Live Equiv $171.73 + 0.06*

Hogs: Steady Futures: 25-50 LR Lean Equiv $145.87 + $1.20**

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

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

GENERAL COMMENTS:

For the most market, the cash cattle trade seems to be done for the week. Trade volume totals took decent in all states except Texas, an area where negotiated sales are getting tougher and tougher to track. Scattered clean-up biz is certainly possible, but prices should fit into the ranges seen on Wednesday ...

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