MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Oct 21, 2013 06:22 AM CDT

Cattle: Steady Futures: mixed Live Equiv $133.48 + 0.01*

Hogs: 0.50-$1 LR Futures: 10-30 LR Lean Equiv $101.85 -$2.10**

* 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 country will be typically quiet today as buyers and sellers limit efforts to the distribution of new showlists. We expect the feedlot offering to steady to somewhat smaller thanks to larger negotiated trade volume totals last week (especially in the North). On the other hand, the combination of a bigger buy and last week's ...

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