DTN Early Word Opening Livestock 08/14 05:48
14 Aug 2018
DTN Early Word Opening Livestock 08/14 05:48 Lean Futures Likely to Open Mixed as Spot August Prepares to Expire Lean hog futures seem set to open with uneven prices as commmercials and specs jockey between cash premiums and board discounts. By John Harrington DTN Livestock Analyst Cattle: Steady-$2 LR Futures: Mixed Live Equiv: $138.33 +1.16* Hogs: $1-2 LR Futures: Mixed Lean Equiv: $ 76.12 - .06** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: It seems safe ?o say that we're in another dull and do-nothing Tuesday in the cattle country. Look for bids and asking prices to remain poorly defined until the second half of the week. Look for cattle futures to open on a mixed basis thanks to a combination of long liquidation and short-covering.