NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Oct 30, 2014 06:04 AM CDT

Cattle: Steady-$2 HR Futures: mixed Live Equiv $172.67 + $1.01*
Hogs: $1-2 LR Futures: mixed Lean Equiv $107.21 + $1.63 **

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

GENERAL COMMENTS:

Cattle buying should slowly start to improve this morning as short bought packers consider short term slaughter needs. Yet given higher asking prices (i.e., $172-173 in the South; $270 plus in the North) and bullish feedlot resolve significant trade volume could be delayed until sometime Friday. Live and feeder futures should open with ...

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