NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Jan 24, 2013 06:14 AM CST

Cattle: Cash Steady w/Wed Futures: 10-30 HR Live Equiv $131.43 - 0.56*

Hogs: Cash 0.50-$1 HR Futures: 10-30 HR Lean Equiv $ 92.77 + 0.22**-

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

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

GENERAL COMMENTS:

Light fed-cattle trading with lower prices (i.e., mostly $122, $1-3 lower) surfaced in parts of the North and South on Wednesday. Much of the week's offering remains on the block, prices around $125 in the South and $195-197 in the North. Live and feeder contracts should open moderately higher, ...

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