MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri May 23, 2014 06:30 AM CDT

Cattle: Cash Stdy/Weak Futures 10-30 LR Live Equiv $159.03 + .48*

Hogs: Cash Steady-$1 LR Futures 10-30 HR Lean Equiv $121.52 - $1.14**

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

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

GENERAL COMMENTS:

Although trade volume totals across cattle feeding country are nothing to write home about, we get the feeling business is done for the week. We could see some clean-up activity in line with the sloppier prices seen on Thursday (i.e., $143-$144 in the South, $232-$234 in the North, but since neither ...

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