NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Mon Apr 7, 2014 05:56 AM CDT

Cattle: Steady-$2 LR Futures: mixed Live Equiv $157.33 - $2.26*

Hogs: Steady-$1 LR Futures: mixed Lean Equiv $138.90 + $1.06**

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

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

GENERAL COMMENTS:

Activity in feedlot country today will be limited to the distribution of new showlists. The early-spring offering is likely to be steady to somewhat larger than last week. We expect ready numbers to be initially priced around $150 in the South and $245 in the South. Live cattle futures closed on Friday near the ...

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