MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Feb 20, 2014 06:17 AM CST

Cattle: Steady to $2 HR Futures: 10-30 LR Live Equiv $149.07 + 0.92*

Hogs: 0.50-$1 HR Futures: 10-30 LR Lean Equiv $102.82 - 0.95**

* 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 be light to moderate ths morning with opening bids near steady with last week (i.e., $142 in the South, $224-225 in the North). Yet bullish feedlots will turn a deaf ear toward such talk, holding for higher asking prices of $145 in the South and $230 ...

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