MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Jul 29, 2013 06:26 AM CDT

Cattle: Steady Futures: 10-30 HR Live Equiv $131.43 - 0.29*

Hogs: Steady Futures: mixed Lean Equiv $107.65 + 0.02**

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

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

GENERAL COMMENTS:

Though the bearish trials of midsummer are not yet behind us, feedlot managers should feel a little better about price prospects this morning given greater packer spending seen in Nebraska and Iowa on Friday. The 11th-hour rally (albeit limited to the North) marked the first time since early May that fed sales have move a ...

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