NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Dec 5, 2012 06:17 AM CST

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $131.06 + 0.39*

Hogs: Cash Steady Futures: mixed Lean Equiv $ 93.44 +0.23**

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

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

GENERAL COMMENTS:

Preliminary bids could start to surface in parts of cattle country this morning, but they're sure to be well below asking prices of $128 in the South and $203-plus in the North. Assuming that the board stabilizes, significant trade volume will probably be delayed until Thursday or Friday. Live and feeder futures appear ...

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