AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jul 19, 2013 06:31 AM CDT

Cattle: Steady Futures: mixed Live Equiv $132.60 - 0.03*

Hogs: Steady-0.50 HR Futures: mixed Lean Equiv $106.70 -$1.27**

* 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 and sellers will have to square off sometime today in order to generate at least minimum trade volume. Yet given the determined nature of the week's tug-o-war, we may not see a definite cash decision under after the release of the July 1 on feed report this afternoon at 2:00 CDT. Opening bids should ...

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