Published on 05-15-2013
Hog Paper Set for Firm Opening
The lean hog pit should start out moderately higher, supported by follow-through buying and the steady advance of the cash index. Look for the cattle complex to open on a mixed basis as traders cautiously position ahead of cash news.By John Harrington DTN Livestock Analyst
Cattle: Steady Futures: mixed Live Equiv $140.63 + 0.47* Hogs: Cash 0.50-$1 HR Futures: 10-30 HR Lean Equiv $ 97.96 + 0.21** * 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-14/
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