FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Aug 21, 2013 06:12 AM CDT

Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $134.62 - 0.28*

Hogs: 0.50 LR Futures: mixed Lean Equiv $101.83 - 0.51**

* 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 most of the summer, the cattle market has followed a midweek pattern of inactivity. We can't think of a reason that traders would deviate from the standard roadmap this morning. It's possible that a few scattered bids will surface here and there, perhaps around $121 in the South and $193-195 in the ...

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