DTN Early Word Livestock Comments 11/14 06:10

DTN Early Word Livestock Comments 11/14 06:10 Mixed Trading Activity Expected Traders did not seem to like the idea of steady cash to close last week. Boxed beef took a hit, increasing some concern over the ability of cash to trade higher this week. Hog futures floundered with spread trading favoring the deferred months. Robin Schmahl DTN Contributing Analyst Cattle: Steady Futures: Higher Live Equiv: $192.94 -$2.47* Hogs: Lower Futures: Mixed Lean Equiv: $105.92 +$1.47** *Based on formula estimating live cattle equivalent of gross packer revenue. (The Live Cattle Equiv. Index has been updated to depict recent changes in live cattle weights and grading percentages.) ** based on formula estimating lean hog equivalent of gross packer revenue. GENERAL COMMENTS: There was no change for cash cattle on Friday, eliminating any hopes packers would need to step up at the last minute to purchase more aggressively to maintain slaughter pace. December live cattle closed about steady for the week, while later contracts lost ground. February and April futures are in a downtrend. The market will have a lot of questions to ponder moving through the week. Export demand, domestic demand, slaughter pace and the Cattle on Feed report will keep traders guessing. Boxed beef took a hit Friday with choice down $4.33 and select down $1.56.