DTN Early Word Opening Livestock 03/18 06:33

DTN Early Word Opening Livestock 03/18 06:33 Cash Trade Still Waiting To Develop Friday Cash cattle trade is once again delayed until the end of the week. The March 1 Cattle on Feed Report will be released Friday afternoon, which may delay active cash cattle trade until after the report release. Futures trade is expected to remain mixed to moderately lower as pressure in beef values Thursday is creating concerns of a market pullback at the end of the week. By Rick Kment DTN Analyst Cattle: Higher Futures: Mixed Live Equiv $156.03 +$0.25 * Hogs: Steady to $1 LR Futures: Mixed Lean Equiv $ 80.41 -$0.86 ** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Cash cattle activity has once again made it to Friday morning without a hint of business being done. With the March 1 Cattle on Feed Report being released Friday midafternoon, it may be after the report until most of the active trade is seen. Asking prices continue developing around $143 in the South and $225 in the North following an incredibly quiet week at $137 per cwt in the South and $222 in the North.