NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Jun 24, 2013 06:31 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $136.75 + 0.09*

Hogs: Steady-0.50 LR Futures: 10-30 HR Lean Equiv $115.62 +$1.39**

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

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

GENERAL COMMENTS:

The negotiated cash cattle market barely got off the ground last week with packers relying heavily upon contracts and formulas for the second consecutive week. We assume that showlists will be larger this week, padded with unsold steers and heifers carried over. We assume that packers will start out close to the knife and ...

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