MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jun 21, 2013 05:52 AM CDT

Cattle: Steady-$2 LR Futures: 10-30 LR Live Equiv $136.68 + 0.44*

Hogs: Steady Futures: 10-30 LR Lean Equiv $114.23 - 0.25**

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

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

GENERAL COMMENTS:

With Thursday's cash cattle market limited to scattered sales reported in parts of Nebraska and Iowa (i.e., $194-195, mostly $194), the heart of the week's business has once again been reserved for the eleventh hour. Opening bids are likely to start out around $117 in the South and $192-194 in the North. Assuming ...

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