NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Mar 11, 2013 05:56 AM CDT

Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $137.55 - 0.04*

Hogs: Cash Steady-0.50 LR Futures: mixed Lean Equiv $ 85.54 - 0.75**

* 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 market expectations will start the week with great diversity, not surprising given the way futures went one way last week (i.e., significantly lower) and beef cut-out went another (i.e., sharply higher). Given limited trade volume counted through Friday, we expect to see a combination of short-bought packers and feedlot ...

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