MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Nov 26, 2012 06:25 AM CST

Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $131.02 +0.49*

Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 89.31 +0.20**

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

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

GENERAL COMMENTS:

Beef producers are hoping they can build on pre-holiday price strength, and will not think twice about significantly raising asking prices to $130-plus in the South and $205-plus in the North. Activity this morning will naturally be limited to the distribution of new showlists. We expect the late-month offering to be about ...

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