DTN Early Word Opening Livestock 11/27 05:51
27 Nov 2018
DTN Early Word Opening Livestock 11/27 05:51 Look for Uneven Pricing as Lean Hog Futures Open Lean hog contracts should open mixed thanks to a combination of residual selling and firming carcass value. Similarly, the cattle complex also seems set to open with no definite trend as buyers and sellers cautiously debate the question of cash potential. By John Harrington DTN Analyst Cattle: Steady-$1 HR Futures: Mixed Live Equiv: $140.76 + .54* Hogs: Steady-$1 HR Futures: Mixed Lean Equiv: $ 73.07 +1.29 ** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Expect Tuesday's cash activity to be typically slow and poorly defined. More specifically, don't look for definite bids and asking prices for several more days, probably not until Thursday or Friday. Live and feeder futures should begin with mixed price action as opinions remain unsettled about late-week feedlot business.