NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Apr 18, 2013 06:25 AM CDT

Cattle: Cash Steady Futures Mixed Live Equiv $133.24 + .43*

Hogs: Cash Steady-.50 HR Futures 10-30 HR Lean Equiv $91.06 +$1.01**

* 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 buyers may start to get serious about procurement chores this morning, but bids may not firm sufficiently until Friday to satisfy higher asking prices of $128-plus in the South and $205-plus in the North. Needless to say, sustained strength in futures and boxes may be key, both in terms of timing and ...

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