MARKETS NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Aug 13, 2014 06:09 AM CDT

Cattle: $1-3 LR Futures: 100-200 LR Live Equiv $178.07 - 0.11*

Hogs: Steady-$1 LR Futures: 50-100 LR Lean Equiv $125.80 - $3.50**

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

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

GENERAL COMMENTS:

Light trade surfaced in parts of the Northern tier of cattle country on Tuesday with dressed sales ranging from $245-248, $4-7 below last week's weighted average basis Nebraska. Such early success in buying cattle lower could make it tough for producers to hold the high ground. Still, nominal asking prices may be ...

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