MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Mar 7, 2013 06:28 AM CST

Cattle: Cash Steady-$2 HR Futures: 10-30 LR Live Equiv $137.25 +$1.85*

Hogs: Cash Steady Futures: 10-30 HR Lean Equiv $ 86.79 - 0.47**

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

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

GENERAL COMMENTS:

Surprising trade volume in Kansas and Texas surfaced as early as Wednesday, thanks to crashing futures and attractive basis opportunities. A decent number of live deals (i.e., especially in Texas) were marked at $128, essentially steady with last week. Scattered business was reported in parts of the North at $203-204, steady ...

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