Livestock Futures Geared for Mixed Opening
Look for the cattle complex to open with mixed action thanks to a cautious combination of spillover buying and profit-taking. Lean hog futures should also start out with uneven business in light volume.By John Harrington DTN Livestock Analyst
Cattle: Cash Steady-$1 LR Futures Mixed Live Equiv $140.74 – .16* Hogs: Cash .50-$1 HR Futures Mixed Lean Equiv $101.10 – .55** * 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-19/
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