NEWS
DTN Before The Bell--Livestock
John Harrington DTN Livestock Analyst
Fri Feb 1, 2013 09:00 AM CST

Opening call, 10-30 higher. Look for lean hog futures to open higher with contracts supported by recent strength in the cash trade. After all, the premium of the cash index stands to grow given fairly aggressive packer spending seen over the last few days. Open interest on Thursday increased by 2,926 (238,240). Spot February liquidated by 561 (20,595) and April added 1,853 (97,681). Cash lean index 01/30: 88.25, off 0.05. DTN projected slaughter for today: 420,000; Saturday, 95,000; weekly total, 2,181,000.

GENERAL COMMENTS:

Hog buyers have resumed steady to 0.50 higher bids this morning, though most accounts seem to be ...

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