MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jul 12, 2013 06:20 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $133.93 - 0.57*

Hogs: 0.50-$1 LR Futures: 10-30 LR Lean Equiv $108.55 -$1.61**

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

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

GENERAL COMMENTS:

It's the bottom of the ninth with the cattle market scoreboard covered with nothing but goose eggs. Going into extra innings is not an option. One side or the other must find a way to put lumber on the ball. Packers will start out pitching bids of $117 in the South and $190-191 in ...

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