Meat Futures Geared for Mixed OpeningExpect live and feeder contracts to open on both sides of unchanged thanks to a slow combination of residual selling and short covering. Likewise, lean hog should also begin with uneven prices as traders weigh improving fundamentals against preexisting board premiums.
By John Harrington DTN Livestock Analyst
Cattle: Cash Steady-$2 HR Futures: mixed Live Equiv $134.88 +$1.17 * Hogs: Cash 0.50-$1HR Futures: mixed Lean Equiv $ 95.26 + 0.52 ** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue
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