FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Jun 12, 2014 06:10 AM CDT

Cattle: Steady-$2 HR Futures: 25-50 HR Live Equiv $159.51 - 0.21*

Hogs: Steady-$1 HR Futures: 10-30 LR Lean Equiv $129.05 - $1.40**

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

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

GENERAL COMMENTS:

Packer inquiry should slowly start to improve this morning with bids around $142-143 in the South and $230-232 in the North. Yet it remains to be seen if buyers will move close enough to asking prices around $147 in the South and $235-236 in the North for significant trade volume to surface ...

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