MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Jan 7, 2014 06:30 AM CST

Cattle: Steady Steady-$2 HR Futures: 10-30 HR Live Equiv $143.47 + $2.30*

Hogs: Steady-0.50 HR Futures: 10-30 LR Lean Equiv $ 90.58 + 0.09

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

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

GENERAL COMMENTS:

The cash cattle market will remain in slow motion this morning with both bids and asking prices poorly defined. Some showlists have been priced around $140 in the South and $222-plus in the North. Significant trade volume will probably be delayed until Thursday and/or Friday. Live and feeder futures should ...

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