AG POLICY NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Aug 5, 2014 06:11 AM CDT

Cattle: Steady Futures: 25-50 HR Live Equiv $180.75 + 0.02*

Hogs: Steady-$1 LR Futures: 25-50 LR Lean Equiv $136.68 + 0.50**

* 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 market watchers should be set for a typically quiet Tuesday in terms of the cash trade. Bids and asking prices are likely to remain poorly defined until Wednesday or Thursday. A few feedlot managers have priced showlists are $165-plus the South and $265-plus in the North. Monday marked first notice for delivery ...

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