MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jun 28, 2013 06:25 AM CDT

Cattle: Steady Futures: 25-50 LR Live Equiv $136.42 + 0.61*

Hogs: Steady Futures: 25-50 LR Lean Equiv $117.30 -$1.68**

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

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

GENERAL COMMENTS:

Well, here we are again. A five-day window of potential fed cattle marketing shrunk into several fast-and-furious hours just before the weekend break. Short-bought and well-margined packers should be at least somewhat encouraged to move toward a higher asking of $122 in the South and $195-196 in the North. Look for opening bids around $117 ...

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