NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Feb 6, 2013 06:30 AM CST

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $128.60 + 0.79*

Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 91.48 -$1.62 **

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

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

GENERAL COMMENTS:

While we could start to see a tentative peppering of packer bids at midweek, significant trade volume in feedlot country is not likely to surface until Thursday or Friday. Barring a major sell-off on the board, asking prices will remain around $127-128 in the South and $205-plus in the North. On ...

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