Early Buying Interest to Support Lean Hog Futures
Lean hog contracts seem geared to open moderately higher, supported by follow-through buying and stronger carcass value. Live and feeder futures should open on a mixed basis as traders position ahead of cash and on feed news.
By John Harrington DTN Livestock Analyst
Cattle: Steady-$1 LR Futures: mixed Live Equiv $141.69 + 0.19* Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $100.41 +$1.43** * 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-livestock/
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