NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Apr 17, 2013 06:19 AM CDT

Cattle: Cash Steady Futures 10-30 HR Live Equiv $132.81 + .19*

Hogs: Cash Steady-.50 HR Futures Mixed Lean Equiv $90.05 + .31**

* 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 buying interest could slowly start to improve this morning, but probably not enough to spark significant trade volume. Opening bids should be around $125 live and $197 to $198 dressed, well below asking prices of $128 to $129 live and $205 dressed. Live and feeder contracts seem likely to open moderately ...

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