Look for Cattle Futures to Open Moderately Lower
Live and feeder contracts should start moderately lower, pressured by struggling cut-outs and the discount of recent feedlot sales. Lean hog futures are also likely to open in the red thanks to profit taking and odds of late summer/early fall cash weakness.By John Harrington DTN Livestock Analyst
Cattle: Steady Futures: 10-30 LR Live Equiv $130.83 – $1.40* Hogs: Steady Futures: 10-30 LR Lean Equiv $107.72 – 0.02** * 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-hog/
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