NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Mar 18, 2013 06:22 AM CDT

Cattle: Cash Steady Futures: 10-30 HR Live Equiv $137.01 - 0.52*

Hogs: Cash Steady-0.50 LR Futures: 10-30 HR Lean Equiv $ 86.40 +$1.45**

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

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

GENERAL COMMENTS:

It would appear the early seeds scattered in the name of a spring rally in cattle prices have fallen on rocky ground. The implosion of live and feeder futures on Friday suggests that significant germination in that regard will at least be delayed for a while longer. The weekly live chart ...

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