Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Opening Livestock       12/08 05:58
   Hog Paper Set to Open With Moderate Strength

   Expect lean hog contracts to open at least moderately higher, supported by
follow-through buying and impressive late-year fundamentals. Live and feeder
futures should open on a mixed basis as traders cautiously position ahead of
cash potential.

By John Harrington
DTN Livestock Analyst



Cattle: Steady    Futures: Mixed      Live Equiv $126.43 - .98*
Hogs:   $1-2 HR   Futures: 25-50 HR   Lean Equiv $ 80.22 + .62**

* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   Whether or not the cash cattle trade begins to develop Thursday may depend a
great deal on how futures play and how such action impacts feedlot asking
prices. Some showlists are priced around $115 in the South and $175 plus in the
North. Live and feeder contracts seem likely to open on a mixed basis as specs
and commercials position ahead of late-week cash.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN