NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Feb 19, 2013 06:13 AM CST

Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $127.92 - .38*

Hogs: Cash Steady-0.50 LR Futures: mixed Lean Equiv $ $ 87.23 - 0.10**

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

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

GENERAL COMMENTS:

The cash cattle market will remain in low gear this morning with buyers once again torn between tight fed supplies and poor processing margins. Normally, we would assume that significant trade volume would be delayed until Thursday or Friday. Yet marketers will probably keep a nervous eye on winter ...

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