NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Wed Aug 27, 2014 06:03 AM CDT

Cattle: Steady Futures: mixed Live Equiv $170.61 - 0.64*

Hogs: Steady-$1 LR Futures: 50-100 HR Lean Equiv $111.78 + 0.48**

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

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

GENERAL COMMENTS:

Packer inquiry in cattle country should start to slowly improve this morning, probably with starter bids around $150 in the South and $238-240 in the North. Assuming that feedlot mangers restate asking prices around $155 in the South and $245-plus in the North. If both sides dig in their heels, significant business will probably ...

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