MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Apr 24, 2013 06:08 AM CDT

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $133.01 + 0.24*

Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 93.52 + 0.97**

* 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 could slowly start to improve this morning. At least, we should start to see a few opening bids, possibly around $123-124 in the South and $198 in the North. Assuming that asking prices will remain firm at $128-live and $204-205 dressed, significant trade volume is not likely to ...

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