Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       04/26 06:01
   Meat Futures Staged to Open Moderately Higher

   The cattle complex should open higher thanks to follow-though buying and
firming carcass value. Similarly, lean hog contracts seem likely to trade
moderately higher in the early going with the help of spillover buying and

By John Harrington
DTN Livestock Analyst

Cattle: Steady-$2 HR   Futures: 50-100 HR   Live Equiv $146.53 + .48 *
Hogs:   Steady-$1 HR   Futures: 50-100 HR   Lean Equiv $ 79.17 - .67**

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


   Preliminary buying interest could start to surface in part of feedlot
country at midweek. Yet significant trade volume may be delayed until Thursday
or Friday. Market watchers will be focusing on Wednesday's FCE. Our guess is
that showlists will be initially priced around $134 to $135 in the South and
$15 plus in the North. Live and feeder futures should open moderately higher,
supported by residual buying interest and cash premiums.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN