DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Jul 31, 2013 06:27 AM CDT

Cattle: Steady-$1 HR Futures: mixed Live Equiv $130.92 - 0.10*

Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $109.35 +$1.24**

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

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


Look for a few cattle bids to surface here and there today, but significant trade volume seems extremely unlikely. We've seen nothing this week to suggest a shift in the timing pattern of feedlot business. In other words, the cash market will probably not be seriously tested until Thursday or Friday. Asking prices remain ...

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