NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Sep 17, 2013 06:27 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $131.33 + 0.07*

Hogs: Steady-0.50 HR Futures: 10-30 LR Lean Equiv $104.78 - $1.45**

* 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 cash cattle trade should remain grounded with bids and asking prices poorly defined. Early suggestions of asking prices are around $125 in the South and $196-198 in the North. It would be surprising to see significant trade volume develop before Thursday or Friday. Cattle futures seem ready to open moderately lower, limited ...

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