MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Apr 3, 2013 06:31 AM CDT

The pork carcass value closed moderately lower on Tuesday, pressured by softer demand for ribs and butts. Consistent wholesale appreciation remains elusive.

Cattle: Cash Steady-$1 HR Futures: mixed Live Equiv $134.23 + 0.51*

Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 86.90 - 0.51**

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

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

GENERAL COMMENTS:

Cattle buying interest could slowly start to improve this morning, at least in terms of preliminary bids. Yet the development of midweek selling interest may be tied to board ...

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