FARM BUSINESS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Nov 1, 2013 06:32 AM CDT

Cattle: $1-2 HR Futures: 10-30 HR Live Equiv $139.71 - 0.05*

Hogs: Steady-0.50 lower Futures: 10-30 HR Lean Equiv $101.50 + $1.42**

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

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

GENERAL COMMENTS:

Time is running out for short-bought cattle buyers and we expect to do what needs to be done in terms of procurement sometime between late morning and early afternoon. While asking prices remain firm at $135 in the South and $210-212 in the North, the surfacing of attractive basis opportunities could convince ...

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