DTN Early Word Opening Livestock 10/23 05:50
23 Oct 2018
DTN Early Word Opening Livestock 10/23 05:50 Meat Futures Set for Firmer Undertone Look for a stronger opening thanks to residual buying tied to spillover bullishness from cattle and hogs. By John Harrington DTN Livestock Analyst Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv: $137.95 +1.37* Hogs: Steady-$1 LR Futures: Mixed Lean Equiv: $ 83.40 - .03* * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: The cattle trade will not be tested Tuesday with bids and asking prices not well defined.