MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Feb 8, 2013 06:19 AM CST

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $128.58 - 0.13*

Hogs: Cash 0.50 LR Futures: mixed Lean Equiv $ 89.01 - 0.72**

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

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

GENERAL COMMENTS:

At some price level, short-bought packers will have to hold their nose and buy a certain numbers of steers and heifers over the next several hours. Asking prices remain firm at $127-128 in the South and $203-205 in the North, but it remains to be seen if feedlots managers will be ...

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