NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Apr 9, 2013 06:39 AM CDT

Cattle: Cash Steady-$2 LR Futures: mixed Live Equiv $133.55 - 0.21*

Hogs: Cash Steady Futures: mixed Lean Equiv $ 87.71 - 0.07**

* 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 well in the bubble this morning with both bids and asking prices poorly defined. A few showlists have been priced around $129-130 in the South and $207-plus in the North. Barring irresistible basis opportunities, significant trade volume will probably be delayed until the second half of ...

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