MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Oct 14, 2013 06:26 AM CDT

Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv NA*

Hogs: Steady-$1 LR Futures: mixed Lean Equiv NA**

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

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

GENERAL COMMENTS:

Bullish feedlot managers came away with a victory late last week, especially those selling steers and heifers on a live basis. Moderate trade volume seemed to surface in most areas as short-bought cattle buyers agreed to pay as much as $128 in the South ($2 higher) and $127-129.50 in the North, (up $2-3.5). Interestingly, most of the ...

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