DTN Early Word Opening Livestock 10/26 05:54
26 Oct 2018
DTN Early Word Opening Livestock 10/26 05:54 Cattle Paper Set to Open Higher in Anticipation of Greater Country Spending The cattle complex should open higher as traders firm toward higher asking prices. Lean hog issues should begin with mixed prices as the market anticipates uneven price action. By John Harrington DTN Livestock Analyst Cattle: Steady-$2 HR Futures: 25-50 HR Live Equiv: $138.76 + .67* Hogs: Steady-$2 LR Futures: 50-100 HR Lean Equiv: $ 82.11 - .37** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: .