NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Thu Apr 17, 2014 06:13 AM CDT

Cattle: Steady Futures: 10-30 LR Live Equiv $154.62 + 0.59*

Hogs: Steady-$1 LR Futures: 25-50 LR Lean Equiv $128.93 - 0.57**

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

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

GENERAL COMMENTS:

If cattle traders really want to get away for a long holiday weekend, they'll have to come to terms sometime over the next several hours. For packers, it's the same old problem, caught between tight feedlot supplies and unattractive processing margins. On the other hand, producers are confident about immediate leverage but nervous ...

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