MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Dec 12, 2013 06:20 AM CST

Cattle: Steady Futures: mixed Live Equiv $138.69 - 0.07*

Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 98.36 - $1.25**

* 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-buying interest should at least be a little more evident this morning with possibly a few more preliminary bids tossed out over the feeding area. Initial bids should be around $129-130 in the South and $206-207 in the North. Such efforts won't make friends anytime soon given firm asking prices of $134 in ...

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