NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Feb 7, 2013 06:12 AM CST

Cattle: Cash Steady Futures: 10-30 LR Live Equiv $128.71 + 0.11*

Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 89.73 -$1.75**

* 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 country hasn't seen many bids so far this week, and that's says a great deal about packer caution and unattractive margins. Nevertheless, buyers are short bought and will soon have to implement a strategy to secure short-term slaughter needs. So look for more preliminary bids this morning, probably around $123 in ...

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