MARKETS NEWS
DTN Early Word Opening Livestock
Rick Kment DTN Analyst
Thu Oct 24, 2013 06:35 AM CDT

Cattle: $2 to $5 Higher Futures: 10-30 Higher Live Equiv $136.42 + 0.97*

Hogs: Steady-$1 Lower Futures: Mixed Lean Equiv $101.04 -$-2.01**

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

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

GENERAL COMMENTS:

Moderate to active cattle sales developed through the South Wednesday. The continued support in the makret and need for packers to gain additional supplies is sparking trade earlier in the week than typicaly seen. Prices across Texas and Kansas are seen at a full range of $129 to $133, with most sales ...

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