MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Apr 4, 2013 06:30 AM CDT

Cattle: Cash Steady-$2 HR Futures: mixed Live Equiv $134.11 - 0.12*

Hogs: Cash 0.50-$1 HR Futures: mixed Lean Equiv $ 89.00 +$2.10**

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

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

GENERAL COMMENTS:

Light to moderate trading surfaced in several cattle feeding states on Wednesday with live prices steady/firm with last week. The best market test developed in the Texas and Kansas at $128-128.50 (mostly $128). Live trading in Colorado and Western Nebraska was reported at $129. The balance of showlists are priced around $130 ...

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