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DTN Early Word Opening Livestock 09/14 06:01

14 Sep 2016

DTN Early Word Opening Livestock 09/14 06:01 Hog Futures Set to Open Lower at Midweek Lean hog contracts should open moderately lower, pressured by follow-through selling and technical bearishness. The cattle complex seems geared to open lower as well, checked by profit-taking and uncertain cash potential. By John Harrington DTN Livestock Analyst Cattle: Steady Futures: 10-30 LR Live Equiv $127.46 - .28* Hogs: Steady-$1 LR Futures: 50-100 LR Lean Equiv $ 86.71 + .42** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: General Comments:

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