MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Feb 12, 2014 06:07 AM CST

Cattle: Steady to $2 LR Futures: 10-30 HR Live Equiv $146.33 - 0.94*

Hogs: 0.50-$1 HR Futures: 10-30 LR Lean Equiv $100.44 - 0.33**

* 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 could begin to surface at midweek if short-bought packers move to cover immediate slaughter needs. But should buyers decided to stall further, the decision will be tied to poor margins and the refusal of feedlot managers to compromise. The early-week strength of nearby live futures seems to ...

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