NEWS
DTN Early Word Opening Livestock
John Harrington DTN Livestock Analyst
Fri Jan 23, 2015 08:57 AM CST

Cattle: Steady w/Wed Futures: 10-30 LR Live Equiv $174.57 - 0.43*

Hogs: $1 LR Futures: 10-30 LR Lean Equiv $90.46 - $2.34**

* 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 interest should be light to moderate this morning as short-bought packers work to cover immediate slaughter needs. Asking prices are around $162-plus in the South and $260-plus in the North. The December 1 on feeder report is to be released at 2:00 p.m. CST. Average trade guesses look like this: ...

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