MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Mar 22, 2013 06:04 AM CDT

Cattle: Cash Steady w/Tues-Wed Futures: 10-30 LR Live Equiv $135.98 - 0.03*

Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 85.20 +$1.09**

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

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

GENERAL COMMENTS:

It's possible that scattered business could develop today in various parts of cattle-feeding country. But our guess is that the lion's share of weekly marketing is already in the bag. Unsold steers and heifers still left on showlists are priced around $126-127 in the South and $200-202 in the North. The ...

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