NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Apr 15, 2014 05:48 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $153.65 + 0.03 *

Hogs: Steady Futures: 10-30 HR Lean Equiv $132.18 - 0.35**

* 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 today with neither bids nor asking prices well defined. A few showlists have be tentatively priced around $149-150 in the South and $242-plus in the North. Live and feeder contracts seem pegged to open moderately lower, pressured by profit taking and worries that the most bullish ...

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