MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jan 24, 2014 06:30 AM CST

Cattle: Steady/firm with Wed Futures: mixed Live Equiv $164.81 - 0.70*

Hogs: 50-$1 HR Futures: 10-30 HR Lean Equiv $ 95.39 + 0.52**

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

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

GENERAL COMMENTS:

Besides a few sales reported in parts of Texas at $148, cash activity on Thursday was very quiet. Cattle feeders are not likely to be much busier this morning. Besides a few clean-up deals, cash business appear to be essential done for the week. Unsold steers and heifers are priced around ...

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