NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Mar 20, 2013 06:17 AM CDT

Cattle: Cash Steady-$2 LR Futures mixed Live Equiv $136.43 - 0.55*

Hogs: Cash 0.50 LR Futures: 10-30 LR Lean Equiv $ 85.79 -$1.14**

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

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

GENERAL COMMENTS:

When cattle futures broke hard again on Tuesday and basis opportunities became more attractive, some feedlot managers agreed to lower asking prices and sell a modest number of steers and heifers (i.e., $125 in the South, $2 lower; $124-125 in the North, $2-2.50 lower). Signs of eroding carcass value also worked ...

Quick View
Related News Stories
Exporters Report Corn Sale
DTN Technically Speaking Blog
Newsom on the Market
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN's Quick Takes
DTN Midday Grain Comments
Shaw: Under the Agridome
DTN Before The Bell Grain Comments
Exporters Report Corn Sale