FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Dec 27, 2013 06:10 AM CST

Cattle: Steady-$1 HR Futures: 10-30 HR Live Equiv $137.34 - 0.24*

Hogs: Steady Futures: 10-30 HR Lean Equiv $ 93.88 + 0.44**

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

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

GENERAL COMMENTS:

General Comments: Cattle buyers are running out of time to complete this week's necessary procurement chores. Bids should slowly improve this morning with moderate trade volume surfacing sometime over the next three to five hours. Asking prices of $132-133 in the South and $210-212 in the North should remain firm unless the ...

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