FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Feb 21, 2014 06:17 AM CST

Cattle: Steady to $2 HR Futures: 10-30 HR Live Equiv $149.45 + 0.38*

Hogs: 0.50-$1 HR Futures: 10-30 HR Lean Equiv $105.54 + $2.72**

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

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

GENERAL COMMENTS:

If it's Friday, it must be time to trade cash cattle. At least that's the pattern that's dominates so much of 2014. Such last-minute decision-making stems in part from the tough spitting match between extremely tight fed supplies and inadequate beef sales. Opening bids should be renewed around $142 in ...

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