FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Aug 16, 2013 06:12 AM CDT

Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $134.12 + 0.67*

Hogs: Steady Futures: mixed Lean Equiv $110.71 - 0.43**

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

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

GENERAL COMMENTS:

We reached another Friday when it's make or break time for the cash cattle market. Opening bids should be around $119-121 in the South and $197-199 in the North. If the board premium holds, asking prices will remain firm around $124 in the South and $198-200 in the North. CME officials announced Thursday afternoon ...

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