Livestock – Light Trade Expected Early Friday
Cattle traders will continue to focus on the development of cash cattle trade through the day Friday. The release of the Cattle on Feed report is getting some attention following sharp feeder cattle losses on Thursday.
By Rick Kment DTN Analyst
Livestock:
Cattle: Cash $1-2 HR Futures 10-30 LR Live Equiv $132.97 -___FCKpd___0.27 Hogs: Cash Steady-.50 LR Futures Steady-20 LR Lean Equiv $91.47 +___FCKpd___0.41 * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue
By Rick Kment DTN Analyst
Livestock:
Cattle: Cash $1-2 HR Futures 10-30 LR Live Equiv $132.97 -___FCKpd___0.27 Hogs: Cash Steady-.50 LR Futures Steady-20 LR Lean Equiv $91.47 +___FCKpd___0.41 * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue
http://sweetfutures.com/2013/dtn-morning-comments-on-livestock-5/
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