NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Feb 14, 2013 06:26 AM CST

Cattle: Cash Steady w/Tues Futures: 10-30 LR Live Equiv $128.25 + 0.19*

Hogs: Cash Steady-0.50 LR Futures: 10-30 LR Lean Equiv $ 87.19 -$2.68**

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

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

GENERAL COMMENTS:

Another round of light trade volume was reported in several cattle feeding states. Live sales of $123 were basically steady with Tuesday but $2 below last week. Yet many cattle remain on showlists, and short-bought packers may be forced to try some harder in order to cover slaughter over the ...

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