Serving Southeastern Minnesota and Western Wisconsin
        (651) 923-4496                        (800) 732-1439

Thursday, April 17, 2014  
Weather |  Futures |  Market News |  Headline News |  DTN Ag Headlines |  Charts |  Futures Markets |  Options |  Corn News |  Soybeans News |  US Ag News |  Portfolio 
 Red Wing Bids
 Local Grain Bids
 Benson Farm Service Bids
 Agronomy Contacts
 Daily Dairy Report
 Zumbrota Hay Auction
 USDA Reports
 eAgVantage AGP
 eAgVantage WWN
 eAgVantage WWAS
 eAgVantage BFS
 iview Red Wing Grain
 Employee Login
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       04/17 06:13
   Meat Contracts Geared to Open Moderately Lower

   The cattle complex should initially trade somewhat softer, checked by profit
taking and pre-cash positioning. Lean hog futures are also likely to open
moderately lower, pressured by pre-holiday long liquidation.

By John Harrington
DTN Analyst

Cattle: Steady Futures: 10-30 LR Live Equiv $154.62 + 0.59*
Hogs: Steady-$1 LR Futures: 25-50 LR Lean Equiv $128.93 - 0.57**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   If cattle traders really want to get away for a long holiday weekend,
they'll have to come to terms sometime over the next several hours. For
packers, it's the same old problem, caught between tight feedlot supplies and
unattractive processing margins. On the other hand, producers are confident
about immediate leverage but nervous about growing numbers later this spring
and the implications of sharp board discounts. Look for opening bids around
$144-146 in the South and $238-240 in the North. Look for asking prices to be
restated around $149-150 in the South and $242-243 in the North. Live and
feeder futures should open moderately lower as traders take profits and jockey
ahead of feedlot business.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN