FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Feb 28, 2014 06:08 AM CST

Cattle: Stdy/firm w/ Wed Futures: mixed Live Equiv $154.20 + $1.48*

Hogs: 0.50-$1 HR Futures: 25-50 HR Lean Equiv $110.86 + $2.30**

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

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

GENERAL COMMENTS:

While a light round of cattle trading could surface before the weekend break, most feedlot business is probably in the bag. Unsold steers and heifers still on showlists are prices around $150 in the South and $142 plus in the North. Look for live and feeder futures to open on a mixed ...

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