NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Jan 7, 2013 06:20 AM CST

Cattle: Cash Steady-$1 HR Futures: mixed Live Equiv $132.64 - 0.37*

Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 91.14 + 0.38**

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

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

GENERAL COMMENTS:

Positively, manageable fed supplies and ideas of tightening numbers ahead forced poorly margined beef processors on Friday to pay more for cattle (i.e., mostly $205 in the North, $2 higher, and $128 in the South, $1 higher). Negatively, trade volume no better than light to moderate volume signaled that packers remained ...

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