MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed May 22, 2013 06:35 AM CDT

Cattle: Steady-$1 LR Futures: mixed Live Equiv $142.24 + 0.07*

Hogs: Cash 0.50-$1 HR Futures: 10-30 HR Lean Equiv $ 100.70 +0.31**

* 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 buyers could start to stretch their legs this morning, throwing out preliminary bids here and there if only to get in line. Yet higher asking prices of $127 in the South and $203-205 in the North could easily mean that significant trade volume will be delayed until Thursday or Friday. Live ...

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