DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Dec 12, 2012 06:25 AM CST

Cattle: Cash Steady-$1 HR Futures: mixed $131.17 +$1.23*

Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 91.94 - 0.01**

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

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


So far this week, the cattle market has been all about higher futures and cut-outs. The feedlot trade hasn't made a sound. That should start to slowly change today and/or tomorrow as short-bought packers move to float more bids and get serious about what they really need to buy vis-à-vis pre-Christmas slaughter plans. Packers ...

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