MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri May 10, 2013 06:35 AM CDT

Cattle: Cash-$2 LR Futures: mixed Live Equiv $140.04 + 0.44 *

Hogs: Cash Steady-0.50 HR Futures: mixed Lean $ 96.31 +$1.45 **

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

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

GENERAL COMMENTS:

While cattle trading in the South is probably done for the week, limited WTD movement in the North suggests that area buyers and sellers still have some work to do over the next several hours. Asking prices are around $128 on a live basis and $205 dressed. Live and feeder contracts are ...

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