MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri May 17, 2013 06:04 AM CDT

Cattle: Steady-$1 LR Futures: mixed Live Equiv $141.69 + 0.19*

Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $100.41 +$1.43**

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

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

GENERAL COMMENTS:

The clock is running for short-bought cattle buyers and we expect to see moderate trade volume surface sometime between late morning and early afternoon. On one hand, profitable packers should have a vested interest in funding aggressive chain speed. On the other hand, buyers are hoping that the defensive psychology fostered by board ...

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