MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Nov 18, 2013 06:28 AM CST

Cattle: Steady-$1 HR Futures: 10-30 HR Live Equiv $138.16 - 0.57 *

Hogs: 0.50-$1 HR Futures: 10-30 LR Lean Equiv $ 99.69 - $1.83 **

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

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

GENERAL COMMENTS:

After several weeks of eroding clout, feedlot managers successfully displayed superior cash leverage on Friday, move live and dressed sales $1 higher in the process (i.e., mostly $132 in the South, mostly $208 in the North). Though trade volume seemed no greater than moderate, producers should be encouraged enough ...

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