Cattle Futures to Show Opening Strength
Live and feeder cattle contracts are set to open significantly higher, supported by follow-through buying and impressive corn planting progress. Lean hog futures should start out on a firm basis tied to the growing premium of the cash market.By John Harrington DTN Livestock Analyst
Cattle: Steady-$1 LR Futures: 50-100 HR Live Equiv $142.09 + 0.47* Hogs: Cash Steady-0.50 LR Futures: 10-30 HR Lean Equiv $100.39 – 0.10** * 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-17/
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