MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Apr 16, 2014 06:22 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $154.03 + 0.38*

Hogs: Steady-$1 LR Futures: 50-100 LR Lean Equiv $129.50 - $2.68**

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

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

GENERAL COMMENTS:

Packer inquiry in cattle country could begin to slowly improve this morning. We should at least start to see some definition in terms of preliminary bids. Yet significant trade volume will probably be delayed until Thursday or later. Asking prices remain firm at $149-150 in the South and $242-243 plus in the North. ...

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