NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Dec 6, 2012 06:25 AM CST

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $130.66 - 0.40*

Hogs: Cash Steady-0.50 HR Futures: 10-30 LR Lean Equiv $93.27 - 0.17**

* 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 start to take greater definition this morning. Look for opening bids around $123 in the South and $196-198 in the North. Yet if asking prices remain firm around $128 in the South and $202-203 in the North, significant trade volume may not surface until sometime Friday. Cattle ...

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