DTN Early Word Livestock Comments 09/06 06:21

DTN Early Word Livestock Comments 09/06 06:21 Further Selling Likely Ahead of the Weekend Cattle futures were hit rather hard Thursday but did not suffer the losses that might have been anticipated. The discovery of anthrax in Wyoming circulated in the market and cash traded lower. Hog futures could not gain any footing due to cash and cutout weakness. Robin Schmahl DTN Contributing Analyst Cattle: Lower Futures: Lower Live Equiv: $228.02 -$0.60* Hogs: Lower Futures: Mixed Lean Equiv: $100.95 -$0.42** *Based on the formula estimating live cattle equivalent of gross packer revenue. (The Live Cattle Equiv. The index has been updated to depict recent changes in live cattle weights and grading percentages.) ** based on formula estimating lean hog equivalent of gross packer revenue. GENERAL COMMENTS: Traders sold futures in part because of the news circulating of the discovery of Anthrax in Wyoming. This was the first confirmed infection in cattle since 1970 in the state. The Wyoming state veterinarian reported 50 cattle had died with more losses possible. It appears to be confined to a localized area. This may not be a problem if contained quickly, but the market reacted negatively to the information. Cash cattle also traded $2.00 lower in both the North and South. The market did not break completely but the pressure might have been enough for further liquidation to continue Friday ahead of the weekend. Boxed beef showed losses in both categories with choice down $0.09 and select down $2.61.