NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Tue Jul 7, 2015 05:53 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $167.41 - $2.00*

Hogs: Steady Futures: mixed Lean Equiv $ 87.25 + $1.27**

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

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

GENERAL COMMENTS:

We look for a typically slow Tuesday in the cash cattle market with bid and asking prices only sketchily defined. A few showlists have been priced around $152-153 in the South and $245-plus in the North. The surfacing of significant trade volume seems unlikely before Thursday or Friday. Live and feeder futures are geared ...

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