NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Dec 4, 2012 06:21 AM CST

Cattle: Cash Steady Futures: mixed Live Equiv $130.44 - 0.59*

Hogs: Cash 0.50-$1 HR Futures: mixed Lean Equiv $ 93.21 + 0.98**

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

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

GENERAL COMMENTS:

Clearly, hog buyers returned from the weekend still hungry for live inventory. Dressed bids in the country were jumped more than $2 basis Iowa and failed to generate significant trade volume in the process. So it's not much of a stretch to expect another round of greater spending this morning. Lean futures ...

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