NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Jul 3, 2013 06:22 AM CDT

Cattle: Cash Steady Futures Mixed Live Equiv $136.04 + .34*

Hogs: Cash Steady Futures 10-30 LR Lean Equiv $114.71 -$1.50**

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

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

GENERAL COMMENTS:

We should soon be able to tell whether or not cattle buyers intend to complete procurement before or after the July 4 holiday. Look for opening bids around $117 in the South and $190 to $191 in the North. Given asking prices of $122 in the South and $195 to $196-plus in the North, ...

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