Tuesday, May 14, 2013

DTN Morning Comments on Livestock

Lean Hogs Set for Firm Opening

The lean hog pit should open moderately higher, supported by recent cash and product gains. The cattle pits are also likely to start out on a firm basis thanks to short covering and the premium status of feedlot sales.
By John Harrington DTN Livestock Analyst
Cattle: Steady Futures: 10-30 HR Live Equiv $140.16 + 0.30 * Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 97.75 + 0.83** * 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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 http://sweetfutures.com/2013/dtn-morning-comments-on-livestock-13/

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