MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Dec 7, 2012 06:08 AM CST

Cattle: Cash Steady-$1 LR Futures: 10-30 LR Live Equiv $130.17 - 0.49*

Hogs: Cash 0.50-$1 LR Futures: 10-30 LR Lean Equiv $ 92.60 - 0.67**

* 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 clock is running. Sometime between now and mid-afternoon, cattle buyers and sellers must find a price level both can live with -- at least temporarily. Given the fact that both sides are fighting significant red ink, our guess is that no one will feel great when the dust ...

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