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

Cattle: Steady Futures: mixed Live Equiv $131.53 + 0.08*

Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $107.37 - 0.22**

* 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 and sellers are once again destined to engage in last minute business. Opening bids should be around $121 in the South and $192-193 in the North. Girded by yesterday's board rally, asking prices should remain firm at $125 in the South and $196-plus in the South. The Sept. 1 on-feed report will ...

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