Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Opening Livestock       03/06 05:59
   Lean Hog Contracts Staged to Open Moderately Lower

   Expect hog futures to begin under pressure thanks to follow-though selling
and defensive carcass value. On the other hand, the cattle pits are likely to
open on a mixed basis as traders position ahead of cash business.

By John Harrington
DTN Analyst


Cattle:  Steady-$1 HR  Futures: mixed     Live Equiv $170.80 + 0.38*
Hogs:    Steady-$1 LR  Futures: 25-50 LR  Lean Equiv $ 73.22 - $1.71**



GENERAL COMMENTS

   It's "do or die" time for cattle buyers and sellers. Look for light to
moderate trade volume to surface sometime between late morning and mid
afternoon. Opening bids should be around $157-158 in the South and $250-254 in
the North. Asking prices will probably be restated around $162-163 in the South
and $255-260 in the North. Live and feeder futures seem staged to open on a
mixed basis as traders position ahead of meaningful feedlot business.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN