DTN Early Word Opening Livestock 10/20 06:16
20 Oct 2017
DTN Early Word Opening Livestock 10/20 06:16 Cattle Paper to Open Mixed in Cautious, Pre-On Feed Report Business Live and feeder futures should start out mixed this morning as traders jockey ahead of cash news and the new feedlot inventory. Lean hog futures are also set for a mixed opening with nearbys supported more than deferreds. By John Harrington DTN Livestock Analyst Cattle: Steady-$2 HR Futures: mixed Live Equiv $133.61 +$1.21* Hogs: Steady-$1 HR Futures: mixed Lean Equiv $ 79.44 + 0.44** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Backed into the late-week corner, cattle buyers and seller will have to come to terms sometime today. Look for bids to be renewed around $109-110 live and $172-173 dressed. Asking prices should also be restated around $112 plus in the South and $175-plus in the North.