FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon May 12, 2014 06:02 AM CDT

Cattle: Steady-$2 LR Futures: 10-30 LR Live Equiv $153.43 - $1.07*

Hogs: Steady-$1 LRFutures: mixed Lean Equiv $119.46 - 0.38**

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

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

GENERAL COMMENTS:

The cash cattle trade will begin in slow motion this morning. Indeed, activity will be typically limited to the distribution of new showlists. Our guess is that the new offering will be somewhat larger than last week. Initial asking prices are likely to mirror last Monday, around $148 in the South and $240 in ...

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