AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Aug 22, 2014 06:13 AM CDT

Cattle: Steady w/ Thurs Futures: mixed Live Equiv $172.05 - 0.90*

Hogs: Steady-$1 LR Futures: 25-50 HR Lean Equiv $114.88 - $1.07**

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

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

GENERAL COMMENTS:

Given rather light WTD trade volume totals, it's a good bet that one final round of light to moderate cattle trading will develop in the country sometime today. Though yesterday's tight round of feedlot sales remained well below last week, short bought packers did seem willing to pay a bit more here ...

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