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 ...

Quick View
Related News Stories
DTN Technically Speaking Blog
Technically Speaking Blog
Senate Passes TPA Bill
DTN Closing Grain Comments
Grain Inspections Reforms Move Forward
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
Guest Editorial