Published on 07-19-2013
Meat Futures to Open Late-Week Session with Mixed Prices
Expect the cattle complex to begin with slow and uneven price action as traders jockey ahead of cash and on feed report news. Lean hog contracts should also open on a mixed basis tied to light bull spreading and pre-weekend profit taking.By John Harrington DTN Livestock Analyst
Cattle: Steady Futures: mixed Live Equiv $132.60 – 0.03* Hogs: Steady-0.50 HR Futures: mixed Lean Equiv $106.70 -$1.27** * 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-live-cattle-feeder-cattle-and-lean-hogs/
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