NEWS
DTN Early Word Opening Livestock
Rick Kment DTN Analyst
Mon Apr 22, 2013 08:14 AM CDT

Cattle: Cash: Steady to $1 lower Futures: 20 to 60 Lower Live Equiv $132.55 -0.42

Hogs: Cash: Steady to 50 lower Futures: Steady to 20 lower Lean Equiv $91.01 -0.46

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

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

GENERAL COMMENTS:

Cash markets ended the week relatively lightly traded. This is expected to have left packers short bought heading into the week and likely needing to gain access to additional procurement numbers, or aggressively trip chain speed through the week. In the cattle on feed ...

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